PNB Housing Finance books Rs 351-cr loss in Q4 on increased write-offs

Capital adequacy was 17.98 per cent, of which Tier I capital was 15.18 per cent and Tier II capital was 2.80 per cent. The Board did not recommend a dividend for FY20

PNB Housing Finance posted a pre-tax loss of Rs 351.18 crore on a standalone basis in the March quarter on a multi-fold rise in provisions for impairment on financial instruments and write-offs.

The firm had posted a pre-tax profit of Rs 547.05 crore in the quarter ended March 2019 (Q4FY19), according to BSE filings. It booked a net loss of Rs 263.12 crore in Q4 against a net profit of Rs 371.12 crore in the same period previous year.

For the entire financial year, its net profit fell to Rs 682.31 crore, from Rs 1,081.38 crore in FY19.

Net interest