 "PNB Housing Finance obtains refinance sanction of Rs 35 billion from NHB")
PNB Housing Finance Monday said it has obtained refinance sanction of Rs 35 billion from the National Housing Bank (NHB) in October 2018.
"The funds will be utilised for the specific sector wise disbursements/ end uses as per norms of the respective NHB refinance schemes," PNB Housing Finance said in a regulatory filing.
PNB Housing Finance Managing Director Sanjaya Gupta said the fresh sanction of Rs 35 billion will strengthen the company's liquidity and also help in boosting the economic growth.
The company had also raised a total of Rs 42.25 billion through commercial papers (CP) last month.
PNB Housing Finance is engaged in the business of providing loans for purchase or construction of residential houses.
Shares of PNB Housing Finance were trading 3.90 per cent higher at Rs 965 apiece on BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app