State-run Punjab National Bank (PNB) today said it will divest a 26 per cent stake in its housing finance arm.     

"Today, the board has decided to divest a 26 per cent stake in PNB Housing Finance Company," PNB Chairman and Managing Director K C Chakrabarty told reporters here.     

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The board also decided to set up a joint venture for factoring services.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr

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