Punjab National Bank Housing Finance

ICRA said the rating action factors in the sustained improvement in the company's credit profile, driven by improved asset quality metrics and the strengthened capitalisation profile

Stocks to Watch on Wednesday, January 3, 2024: The Supreme Court is expected to announce its verdict in the Adani-Hindenburg case later on Wednesday

PNB Housing Finance, the third largest housing finance company in India, launched its first all-woman branch in the country at Tambaram here on Monday. The inauguration also marks the company's 100th affordable-focussed branch in the country dedicated to offering housing finance solutions at reasonable rates to customers through its scheme Roshni. The affordable segment scheme offers loans ranging from Rs 5 lakh to 35 lakh for home buying, home expansion and renovation, plot purchases, and loans against property. PNB Housing Finance MD & CEO Girish Kousgi along with its Independent Directors Gita Nayyar and R Chandrasekaran participated in the programme. "With this inauguration, PNB Housing Finance has strengthened its commitment towards gender diversity and women empowerment. By establishing an all-woman branch, it aims to create a unique and supportive environment where women can flourish in both professional and personal spheres of life and contribute to the economic progress ..

The latest round of fundraising by banks comes at a time when credit growth has shown sustained momentum even as growth in deposits continues to lag

It disbursed loans worth Rs 3,594 crore in Q2FY23, up from Rs 2,961 crore in Q2FY22

A Rs 2,500-crore rights issue in the pipeline and healthy CRAR may provide leeway to PNB Housing Finance to re-enter the high-yielding corporate loans that it stopped two years back

The payment was made under settlement rules, which allow an alleged wrongdoer to settle a matter without admitting or denying the guilt

In a Q&A, Atul Kumar Goel says the lender has not sought any special dispensation from RBI to provide for MTM losses amid rising bond yields

PNB Housing Finance on Thursday said it will seek shareholders' approval next month to raise Rs 12,000 crore in debt capital. The housing finance company promoted by the city-headquartered state-owned lender Punjab National Bank (PNB) is scheduled to convene its annual general meeting (AGM) next month on July 26. "Shareholders' approval is being sought in the 34th AGM to borrow funds and issue of non-convertible debentures (NCDs) on a private placement basis aggregating to Rs 12,000 crore in one or more tranches," PNB Housing Finance said in a regulatory filing. Shares of the company traded 0.33 per cent up at Rs 333.20 apiece on BSE.

Punjab National Bank (PNB) chief Atul Kumar Goel on Thursday said the bank will raise the repo-linked lending rates from next month. The move comes against the backdrop of Reserve Bank of India (RBI) hiking the repo rate by 40 basis points (bps) last week amid rising inflation. Goel, the state-owned lender's MD and CEO, told reporters that interest rates are certain to rise a tad going further. "With 40 bps rise in repo rate... so according to our policy, from June 1, the same quantum raise in lending rates will be there. So there will be some increase in the loan rate for sure," Goel said. Repo rate is the rate at which banks borrow short term money from RBI. With effect from May 7, the city-headquartered lender had raised interest rates on term deposits in select buckets up to 0.60 per cent. A number of banks have already raise the repo-linked lending rates for their customers after the RBI rate hike. Some have also increased their deposit rates. About the bank's performance i

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PNB Housing should have engaged an independent valuer

Issue price arrived at after valuation by a CA, firm adds

The deal has split proxy advisory firms, which expressed divergent views on the proposed infusion in PNB Housing

Focused loan growth approach, ability to outpace rivals and fair valuation make the IPO attractive