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PNB Housing scores on asset quality, lags peers on profitability

Sheetal Agarwal  |  Mumbai 

Punjab National Bank's housing finance subsidiary has started the process of getting listed through an initial public offer (IPO) of equity. PNB Housing Finance is the country's fifth largest in the segment by loan portfolio size. Many of its peers (of different sizes and business models) in the segment are listed but, in terms of loan portfolio, the closest are only Indiabulls Housing Finance (Indiabulls HF) and Gruh Finance (Gruh). A comparison with these reveals a mixed picture for PNB HF and throws up some interesting points. First, strong parentage allows it to leverage ...

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