PNB Housing Finance Ltd

The appointment comes as large home financiers face intensifying competition from banks in lending for premium homes, while affordable housing has emerged as a more attractive market

On the bourses around 9:30 AM, PNB Housing share was trading flat at ₹927.45 apiece. By comparison, BSE Sensex was trading marginally higher at 84,792.25 levels.

Following Girish Kousgi's resignation, PNB Housing appoints Jatul Anand as Executive Director and Valli Sekar as Chief Business Officer for Affordable Business

PNB Housing Finance shares slumped 15 per cent, touching the lower band at ₹838.3 per share on BSE; here's what's rattling investors

PNB Housing Finance share price gained 2.8 per cent logging an intraday high at ₹1,115.9 per share on BSE, after the company posted its Q1 results

PNB Housing Finance shares rose 2 per cent after UBS initiated coverage with a 'Buy' call, citing above-market-average growth

PNB Housing Finance's stock rose as much as 10 per cent during the day to ₹1,084.8 per share, the biggest intraday gain since October 25, 2024

With focus on the affordable segment, PNB Housing Finance aims to expand its loan book size to Rs 5,000 crore by the end of the current financial year. The mortgage lender closed the loan book under the affordable segment called 'Roshini' at Rs 3,000 crore at the end of the second quarter of FY'25. "We hope to expand our loan look under the affordable housing segment to Rs 5,000 crore by this year-end to touch Rs 15,000 crore by March 2027," PNB Housing Finance MD and CEO Girish Kousgi told reporters here. The loan growth will be helped by implementation of Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY 2) and branch expansion. He also said the housing finance company plans to set up a new vertical for 'Loan Against Property' beginning next financial year. To fund loan growth of 17 per cent, he said, the housing finance company plans to raise USD 100-125 million through External Commercial Borrowings (ECBs) this fiscal. The board has already given approval for raising USD 125 million

Till 09:17 am on Wednesday; as many as 26.14 million equity shares representing 10 per cent of total equity of PNB Housing Finance changed hands on the NSE, the exchange data shows.

Mutual Funds increased stake in 84 Nifty 500 stocks in the quarter ended September 2024; here's a technical outlook on select 5 stocks for the likely trend ahead.

HDFC Standard Life Insurance Co on Tuesday bought shares of PNB Housing Finance worth Rs 90 crore through an open market transaction. According to the block deal data available on the BSE, HDFC Standard Life Insurance Company Ltd purchased a little over 10 lakh shares or 0.4 per cent stake in PNB Housing Finance. The shares were picked up at an average price of Rs 900 apiece, taking the transaction value to Rs 90 crore. Meanwhile, a foreign investor Asia Opportunities V (Mauritius) Ltd trimmed its stake by offloading shares of PNB Housing at the same price. After the transaction, Asia Opportunities V holding in PNB Housing has come down to 0.94 per cent from 1.34 per cent. Shares of PNB Housing Finance rose 2.33 per cent to close at Rs 922.80 apiece. In August this year, Asia Opportunities V (Mauritius) offloaded a 3 per cent stake in PNB Housing Finance for over Rs 676 crore. Before that, in May, Asia Opportunities V (Mauritius) and General Atlantic divested a cumulative 4.46 p

Technical chart suggests that PNB Housing Finance and Repco Home Finance can potentially rally up to 14 per cent from present levels.

In FY25, Kousgi expects the share of borrowing via ECB, NHB, NCDs, and CPs to slightly increase, while bank borrowings will come down

The uptick in share price came after the company announced that its board of directors will meet on September 9, to consider and approve issuance of NCDs up to Rs 2,500 crore.

While the buyers and sellers could not be confirmed, General Atlantic Singapore Fund FII Pte Ltd was the likely seller in the housing finance company

Stocks to watch on August 21: General Atlantic Singapore Fund FII Pte plans to divest a 5.1 per cent equity stake in PNB Housing Finance through a block deal, with a floor price of Rs 775 per share

PNB Housing Finance block deal: Private equity firm Carlyle Group's Quality Investment Holdings PCC likely sold its partial stake in the housing finance company

The real estate cycle is about 7-8 years. The demand for housing is always increasing, and so is housing shortage. With the government's focus on housing, the housing finance sector will only grow

PNB Housing Finance aims to grow its portfolio by 17 per cent during the current fiscal on the back of the increase in branch network and focus on affordable housing loan. The housing finance company has enough capital to sustain this kind of high growth, PNB Housing Finance managing director Girish Kousgi told PTI. For the next 2-3 years, he said, "we dont need capital as we just raised capital through the rights issue last year". Last year, the mortgage firm raised about Rs 2,500 crore from rights issue. Talking about the strategy to achieve this kind of loan growth, he said, PNB Housing closed the year with the loan book of Rs 63,000 crore and aims to grow it by 17 per cent with focus on affordable segment. Its affordable housing loan book, which it started 15 months back, stood at Rs 1,790 crore. However, PNB Housing Finance's corporate loan book shrank 46 per cent in FY24 to Rs 2,052 crore as it was on a balance sheet cleansing exercise. He said the company would also incre

The net fees and other income increased to Rs 110 crore in Q4 FY24 from Rs 33 crore in the corresponding quarter of the year-ago period