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.
PNB Housing Finance Managing Director and Chief Executive Officer Girish Kousgi has announced his resignation and will step down from his role effective October 28, 2025. The board, while accepting his resignation noted that Kousgi will cease to be a director on the board of Directors of PHFL Home Loans and Services Ltd, and PEHEL Foundation -- the subsidiaries of the company, with effect from October 28, 2025. In a regulatory filing on Friday, PNB Housing Finance said the company affirms that its strategic priorities, business focus, and growth trajectory remain firmly intact, based on the strong foundation that Kousgi has helped build. R Chandrasekaran, chairman of the nomination and remuneration committee of the board said, the company will initiate a rigorous, transparent and merit-based selection process to appoint a new leader who will further enhance the legacy of PNB Housing Finance. "We are confident of identifying a suitable professional soon, who will further accelerate
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Roshni is a product of PNB Housing Finance which promotes affordable housing, especially among first-time buyers
The company's consolidated net profit rose to Rs 5.5 billion ($64.7 million) for the quarter ended March 31 from Rs 4.39 billion a year earlier
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PNB Housing Finance on Tuesday reported a 43 per cent jump in net profit to Rs 483 crore for the December quarter. The non-banking finance company, promoted by Punjab National Bank, had earned Rs 338 crore in the same quarter a year ago. Total income during the third quarter of the current fiscal year grew to Rs 1,943 crore from Rs 1,756 crore in the year-ago period, PNB Housing Finance said in a regulatory filing. During the quarter, interest income improved to Rs 1,848 crore as compared to Rs 1,680 crore in the same period a year ago. Total expenses increased marginally to Rs 1,327 crore as against Rs 1,316 crore a year earlier. Gross non-performing assets declined to 1.19 per cent as of December 31, 2024, compared to 1.73 per cent at the end of the third quarter of the previous fiscal year. The mortgage firm has recovered Rs 53 crore from retail written-off pool in the quarter under review, it said. The capital adequacy ratio declined to 28.8 per cent from 29.53 per cent at t
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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
Demand for premium housing in the country has been strong even as the affordable segment saw some pressure due to high interest rates
According to reports, over 1.36 crore shares, equivalent to 5.24 per cent equity worth Rs 1,095.14 crores changed hands via a NSE Block trade on Thursday. The shares were sold at Rs 803.35 per scrip
Japan's Nikkei declined 0.70 per cent, contrasting with Korea's Kospi which saw a gain of 0.13 per cent. Australia's ASX200 witnessed a marginal decrease of 0.03 per cent
Asia Opportunities V (Mauritius) and General Atlantic divested a 4.46 per cent stake in housing finance firm PNB Housing Finance for Rs 843 crore through open market transactions. US-based private equity firm General Atlantic through its affiliate General Atlantic Singapore Fund FII Pte Ltd offloaded its stake in PNB Housing Finance on the BSE. As per the bulk deal data available with the BSE, Asia Opportunities V (Mauritius) and private equity firm General Atlantic Singapore Fund FII Pte sold 58 lakh shares each, amounting to a combined 4.46 per cent stake in PNB Housing Finance. The shares were disposed of in a price range of Rs 727.26-727.47 apiece, taking the combined deal size to Rs 843.79 crore. As of March 2024, shareholding data of PNB Housing Finance on the BSE, Asia Opportunities V (Mauritius) Ltd holds a 9.88 per cent stake, and General Atlantic Singapore Fund FII Pte owns a 9.82 per cent stake in the company. Meanwhile, Societe Generale purchased 13.08 lakh shares at a
At 09:15 am; around 12.25 million equity shares representing 4.72 per cent of total equity of PNB Housing Finance have changed hands on the BSE, the exchange data shows.
Interest rates have moderated in recent times, with the country registering its highest home sales since 2008 last year, according to a report
Girish Kousgi, MD and CEO at PNB Housing Finance said that at the current pace, the company may add another Rs 1,000 crore to its loan book in the next six months
The company's retail loan asset grew by 12 per cent y-o-y to Rs 58,471 crore, which is 96 per cent of the loan asset
In the short, medium, and long term, the demand is quite robust in the affordable housing segment, which is big and accounts for 32-35 per cent of the share in the mortgage industry
The housing finance company's total income during the June quarter was Rs 1,708 crore against Rs 1,412 crore a year ago, the lender said in an exchange filing