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PNB Housing: Efforts to shore up liquidity weigh on disbursements, margins

While increase in liquidity provides comfort in terms of asset-liability management, near-term margin pressure continues

Topics
Pnb Housing  |  Banking  |  Market Liquidity

Shreepad S Aute 

With the ongoing liquidity issue in the non-banking financial company (NBFC) space, the street is mainly looking at how this metric pans out for such non-bank lenders. PNB Housing’s September 2018 quarter (Q2) numbers, announced on Monday, showed that the company compromised on growth to shore up liquidity.

As a result, it missed street expectations in Q2 with reported net profit growing by 33 per cent to Rs 2.5 billion. Analysts were anticipating a profit figure of Rs 2.7 billion. Apart from the slowdown in primary market, PNB Housing’s efforts to ramp up liquidity ...

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First Published: Wed, November 07 2018. 17:48 IST
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