PNB Housing Finance MD and CEO Ajai Shukla said the recent rate hike by the Reserve Bank would lead to a marginal improvement in net interest margin (NIM). After a gap of almost four years, the Reserve Bank raised its benchmark lending rate by 25 basis points to 5.5 per cent, making borrowing from the central bank costlier to contain inflation fuelled by the West Asia crisis. "Some benefit will go to the lender because all of the borrowing of the lender is not on the repo rate. It is a combination of Marginal Cost of Funds-based Lending Rate (MCLR), commercial paper, refinance from National Housing Bank and non-convertible debentures," Shukla told PTI. Asked about the quantum jump in margin improvement for the mortgage firm, he said the benefit will not be 25 basis points immediately on the book, but it may be 5-8 basis points. Talking about the demand for housing finance, Shukla said, "We have seen some good traction...Momentum is already there. Usually the mortgage business start
MOFSL said that NBFC asset quality has emerged as the biggest positive surprise, with improved collections and moderated fresh slippages after nearly two years of stress.
Nandish Shah of HDFC Securities recommends a 'Bull Spread' strategy on MidCap Nifty and PNB Housing Finance as the analyst notes a positive bias, and build-up of long positions at these counters.
PNB Housing Finance in the January-March quarter (Q4FY26) reported a net profit of ₹656 crore, as compared to ₹550 crore a year ago, up 19 per cent
Stocks to Watch today, April 21, 2026: From PNB Housing to HCLTech, here are key stocks that will remain in focus
Q4FY26 company results: Firms including Nelco, Indbank Merchant Banking Services, PNB Gilts, and SML Mahindra are also to release their January-March earnings today
PNB Housing Finance's total income for the quarter rose 9.1 per cent to ₹2,121 crore. Net profit increased 7.7 per cent year-on-year to ₹520 crore
The appointment comes as large home financiers face intensifying competition from banks in lending for premium homes, while affordable housing has emerged as a more attractive market
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.
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 shares slumped 15 per cent, touching the lower band at ₹838.3 per share on BSE; here's what's rattling investors
PNB Housing Finance share price gained 2.8 per cent logging an intraday high at ₹1,115.9 per share on BSE, after the company posted its Q1 results
PNB Housing Finance shares rose 2 per cent after UBS initiated coverage with a 'Buy' call, citing above-market-average growth
PNB Housing Finance's stock rose as much as 10 per cent during the day to ₹1,084.8 per share, the biggest intraday gain since October 25, 2024
With focus on the affordable segment, PNB Housing Finance aims to expand its loan book size to Rs 5,000 crore by the end of the current financial year. The mortgage lender closed the loan book under the affordable segment called 'Roshini' at Rs 3,000 crore at the end of the second quarter of FY'25. "We hope to expand our loan look under the affordable housing segment to Rs 5,000 crore by this year-end to touch Rs 15,000 crore by March 2027," PNB Housing Finance MD and CEO Girish Kousgi told reporters here. The loan growth will be helped by implementation of Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY 2) and branch expansion. He also said the housing finance company plans to set up a new vertical for 'Loan Against Property' beginning next financial year. To fund loan growth of 17 per cent, he said, the housing finance company plans to raise USD 100-125 million through External Commercial Borrowings (ECBs) this fiscal. The board has already given approval for raising USD 125 million
Till 09:17 am on Wednesday; as many as 26.14 million equity shares representing 10 per cent of total equity of PNB Housing Finance changed hands on the NSE, the exchange data shows.
Mutual Funds increased stake in 84 Nifty 500 stocks in the quarter ended September 2024; here's a technical outlook on select 5 stocks for the likely trend ahead.
HDFC Standard Life Insurance Co on Tuesday bought shares of PNB Housing Finance worth Rs 90 crore through an open market transaction. According to the block deal data available on the BSE, HDFC Standard Life Insurance Company Ltd purchased a little over 10 lakh shares or 0.4 per cent stake in PNB Housing Finance. The shares were picked up at an average price of Rs 900 apiece, taking the transaction value to Rs 90 crore. Meanwhile, a foreign investor Asia Opportunities V (Mauritius) Ltd trimmed its stake by offloading shares of PNB Housing at the same price. After the transaction, Asia Opportunities V holding in PNB Housing has come down to 0.94 per cent from 1.34 per cent. Shares of PNB Housing Finance rose 2.33 per cent to close at Rs 922.80 apiece. In August this year, Asia Opportunities V (Mauritius) offloaded a 3 per cent stake in PNB Housing Finance for over Rs 676 crore. Before that, in May, Asia Opportunities V (Mauritius) and General Atlantic divested a cumulative 4.46 p
Technical chart suggests that PNB Housing Finance and Repco Home Finance can potentially rally up to 14 per cent from present levels.
In FY25, Kousgi expects the share of borrowing via ECB, NHB, NCDs, and CPs to slightly increase, while bank borrowings will come down