Pnb Housing Finance

PNB Housing Finance to announce new MD & CEO soon, growth stays steady

Even as PNB Housing Finance readies to appoint a new MD & CEO, the lender reports steady growth in Q2 FY26 with improving asset quality and rising disbursements

PNB Housing Finance to consider external, internal candidates for MD & CEO

PNB Housing Finance explores internal and external candidates for MD&CEO following Girish Kousgi's resignation. Jatul Anand, newly appointed Executive Director, is in the running for the role

PNB Housing Finance makes leadership appointments after MD & CEO exit

Following Girish Kousgi's resignation, PNB Housing appoints Jatul Anand as Executive Director and Valli Sekar as Chief Business Officer for Affordable Business

PNB Housing Finance stock plummets 18% on MD & CEO Girish Kousgi exit

Shares of PNB Housing Finance saw a sharp decline after the resignation of MD & CEO Girish Kousgi, effective October 2025, sparking market concerns and uncertainty

PNB Housing MD & CEO Girish Kousgi to step down with effect from Oct 28

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

Sebi mulls easing InvIT, REIT norms to boost ease of doing business

The Securities and Exchange Board of India (Sebi) on Friday waived the requirement of seeking specific approvals from the regulator for stock brokers to undertake business in GIFT-IFSC

PNB Housing surges 8% after block deal; this shareholder exits company

Till 09:32 AM, as many as 12.27 million equity shares, representing 4.72 per cent of the total equity of PNB Housing Finance, had changed hands on the BSE and NSE

Here's a curated basket of bank, NBFC must have stocks for your portfolio

Banks are well positioned to outperform, supported by robust balance sheets and the ability to navigate macro economic uncertainties, said a report from Motilal Oswal Securities

PNB Housing Finance Q3FY25 results: Net profit rises 43% to Rs 483 cr

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

PNB Housing Finance to start LAP vertical from April 2025: MD & CEO

LAP will be a part of the retail business, which includes the prime, affordable, and the emerging housing segments

Morgan Stanley, 2 others pick 6.8% stake in PNB Housing Fin for Rs 1,664 cr

Morgan Stanley, Societe Generale and another entity on Wednesday picked up a total of 1.77 crore, or 6.82 per cent stake, of PNB Housing Finance through open market transactions worth Rs 1,664 crore. According to bulk deal data available on the National Stock Exchange (NSE), Morgan Stanley through its arm Morgan Stanley Asia Singapore purchased over 1.42 crore shares or a 5.4 per cent stake in PNB Housing in two transactions. Ghisallo Master Fund bought 17.90 lakh shares of PNB Housing while Societe Generale acquired 17.09 lakh shares of the firm, as per the data. The shares were bought at an average price of Rs 939.30 apiece, taking the combined transaction value to Rs 1,664.55 crore. Meanwhile, global investment firm Carlyle Group through its affiliate Quality Investment Holdings PCC offloaded 2.45 crore shares or 9.43 per cent stake in PNB Housing Finance for Rs 2,301.58 crore through open market transactions. The shares were sold at an average price of Rs 939.42 per piece. Af

Crisis brewing? BS BFSI experts raise alarm on affordable housing supply

At the BFSI Insight Summit, industry leaders discuss challenges facing affordable housing, citing high demand but developers' reluctance due to costs, approvals, and low profits

PNB Housing Finance looks to grow corporate loan book starting Q3

The New Delhi-based mortgage lender previously held a substantial corporate loan portfolio but reduced its exposure due to stress in the segment

PNB Housing Finance soars 11% after strong Q2 performance; details

Shares of PNB Housing Finance soared 10.90 per cent, at Rs 1,035 per share on the BSE in Friday's intraday trade

3 entities settle insider trading charges with Sebi in PNB Housing case

Three individuals on Tuesday settled with capital markets regulator Sebi a case pertaining to alleged violation of insider trading rules in the scrip of PNB Housing Finance Ltd after paying Rs 1.56 crore collectively. Those who settled the case are -- Sidhant Chandalia, Naysar Parikh and Ronak Narendra Parikh, according to two separate orders passed by the Securities and Exchange Board of India (Sebi). Individually, Chandalia and Naysar Parikh paid Rs 50.7 lakh each towards the settlement amount, and Ronak Narendra Parikh remitted Rs 45.5 lakh as a settlement charge and Rs 8.98 lakh towards disgorgement of wrongful gain along with interest. "In view of the acceptance of the settlement terms and the receipt of settlement amount..., the instant adjudication proceedings initiated against the Noticee(s) vide SCN (Show Cause Notice) ...is disposed of," Sebi said. The directives came after the three persons filed applications with Sebi proposing to settle the instant proceedings initiat

PNB Housing Finance block deal today: 13% equity changes hands on BSE

PNB Housing Finance block deal: Private equity firm Carlyle Group's Quality Investment Holdings PCC likely sold its partial stake in the housing finance company

General Atlantic, Asia Opportunities sell 4.9% stake in PNB Housing Fin

Foreign investors General Atlantic and Asia Opportunities V (Mauritius) on Thursday sold a 4.9 per cent stake in PNB Housing Finance for Rs 1,004 crore through open market transactions. US-based private equity firm General Atlantic through its affiliate General Atlantic Singapore Fund FII Pte offloaded PNB Housing Finance shares through a bulk deal on the National Stock Exchange (NSE). More than 1.27 crore shares or a 4.9 per cent stake in PNB Housing Fin were disposed of by both entities. As per the data available, General Atlantic Singapore Fund FII and Asia Opportunities sold 63.79 lakh shares each, amounting to a 4.9 per cent stake in the public sector housing finance company. The shares were offloaded in the range of Rs 786.46-787.88 apiece, taking the combined transaction value to Rs 1,004.28 crore. After the stake sale, the shareholding of Asia Opportunities V (Mauritius) in PNB Housing Finance has declined to 7.43 per cent from 9.88 per cent. The stake of General Atlantic

The housing finance sector will only grow: PNB Housing Finance MD & CEO

The real estate cycle is about 7-8 years. The demand for housing is always increasing, and so is housing shortage. With the government's focus on housing, the housing finance sector will only grow

Analysts recommend buying these 3 finance stocks, see up to 25% upside

REC Limited and Power Finance Corporation have soared up to 10 per cent each in the last 30 days on the NSE

PNB Housing Finance Q4FY24 results: Net profit rises 57% to Rs 444 crore

Total income during the quarter rose to Rs 1,806 crore from Rs 1,628 crore in the same quarter of the previous fiscal, PNB Housing Finance said in a regulatory filing