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ICRA, CRISIL reaffirm PNB Gilts’ Commercial Paper

16 Apr 2021 Evaluate

Credit rating agency -- ICRA and CRISIL have reaffirmed PNB Gilts’ Commercial Paper of Rs 1000 crore. Both, ICRA and CRISIL have reaffirmed company’s Commercial Paper at ‘A1+’.

PNB Gilts a renowned and preferred name in the Indian debt market was one of the first entities to be granted the Primary Dealership License by the Reserve Bank of India. The company is also a subsidiary of one of the largest Indian commercial banks, Punjab National Bank.

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