PNB Gilts, a subsidiary of Punjab National Bank (PNB), is seeing a strong up move in trade as the movement in bond yields helping the company make some outsized gains. In an interview to CNBC-TV18, SK Dubey, MD of PNB Gilts spoke about the latest happenings and his outlook going ahead.
The company earns revenue via investment in G-Secs and T-Bills and deals in government securities issued and serviced by Reserve Bank of India (RBI).
Bond market has seen ups and down since last three months, said Dubey.
Talking about RBI policy, he said we are looking at a pause till the end of the current financial year.
However, do not see yields to go down southwards, he said.
Watch accompanying video for more details.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
