PNB Housing Finance, a subsidiary of Punjab National Bank, today reported a 66 per cent rise in net profit at Rs 326 crore for the fiscal ended March 2016.
The company had a net profit of Rs 196 crore in the previous fiscal, PNB Housing Finance said in a statement.
The company sanctioned loans worth Rs 23,011 crore, witnessing a surge of 53 per cent, and disbursements were Rs 14,456 crore representing a growth of 53 per cent during 2015-16, it said.
However, the Net Interest Margin for the year ended March 2016 declined to 3.08 per cent as compared to 3.21 per cent in the previous year.
As of March, Asset under Management stood at Rs 27,555 crore.
Gross NPAs increased to 0.22 per cent as against 0.20 per cent as on March 31, 2015.
