Page 2 - Pnb Housing Finance Ltd

PNB Housing Finance Q4 results: Net profit rises 57% to Rs 439 crore

The net fees and other income increased to Rs 110 crore in Q4 FY24 from Rs 33 crore in the corresponding quarter of the year-ago period

PNB Housing Finance stock rises 19.11% on the first trading day of FY25

ICRA said the rating action factors in the sustained improvement in the company's credit profile, driven by improved asset quality metrics and the strengthened capitalisation profile

PNB Housing reaches loan book size of Rs 1,000 crore for affordable homes

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

PNB Housing Finance to raise Rs 3,500 cr via NCDs to fund business growth

PNB Housing Finance on Friday said its board has approved a proposal to raise Rs 3,500 crore via non-convertible debentures (NCDs) to fund business growth. The NCD will be raised on a private placement basis, PNB Housing Finance said in a regulatory filing. The fund will be raised in tranches over the next six months, it said.

Equity fundraise through rights issue spurts in 2023, shows data

Some of the large offerings this year have been PNB Housing Finance's Rs 2,500-crore rights issue in April followed by Capri Global Capital (Rs 1,440 crore), and Piramal Pharma (Rs 1,050 crore)

PNB Housing Finance Q2 results: Net profit rises 45.8% to Rs 383 crore

The net interest income (NII) inched 1.85 per cent up to Rs 661 crore from 649 crore. The Net Interest Margin (NIM) slipped down to 3.95 per cent from 4.14 per cent in Q2FY23

PNB Housing Q2FY24 result: Profit up 45% YoY to Rs 383 cr, income up 5%

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

RBI releases list of NBFCs in upper layer under scale-based regulations

In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years

PNB Housing Finance net profit surges 48% to Rs 347 crore in June quarter

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

PNB Housing raises Rs 2,494 cr from rights issue for business growth

PNB Housing Finance promoted by Punjab National Bank (PNB) has raised Rs 2,494 crore from the rights issue to fund business growth. The issue closed on April 27, 2023, PNB Housing Finance said in a statement. The company intends to utilise the net proceeds from the issue towards augmenting its capital base. Post the rights issue, the shareholding of PNB as a promoter of the company would come down from the current level of 32.53 per cent to below 30 per cent, but it would be higher than 26 per cent so that the bank retains promoter status. In March 2022, PNB Housing's board approved the Rs 2,500-crore rights issuance, and in November last year, the board cleared the draft letter offer that was to be filed with the Sebi. PNB Housing was looking to raise equity capital worth Rs 4,000 crore, and had entered into a deal with joint venture partner Carlyle Group, among other investors, in May 2021. However, in October 2021, the mortgage lender decided to terminate the Rs 4,000 crore sta

Stocks to watch: Adani Group, Vedanta, NHPC, PNB Housing, RHI Magnesita

Stocks to Watch: Index heavyweights Reliance and Bharti Airtel will see some action as the former wages a price war in the broadband connection.

Stocks to watch: Lupin, GAIL, PNB Housing, Shriram Finance, Axita Cotton

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LIC Housing Finance, HDFC: Trading strategies for housing finance companies

Barring PNB Housing Finance, other housing finance stocks indicate weakness, with selling pressure to mount further if crucial levels are breached.

PNB Housing Finance Q3 results: Net profit rises 43% at Rs 269 crore

In comparison, the housing finance company (HFC) had booked a net profit of Rs 188 crore in the December quarter of FY22 and Rs 263 crore in the September quarter of FY23

PNB Housing Fin opens 'Roshni' branches for affordable housing loans

PNB Housing Finance on Friday said it has opened 'Roshni' branches in various locations, including tier II and III cities, for deepening its customer base in the affordable housing segment. Through its affordable home loan scheme Roshni, the city-based lender has also renewed its commitment towards the government's Housing for All mission, it added. Under this initiative, PNB Housing Finance will offer retail loans to individuals in the range of Rs 5 lakh to Rs 30 lakh. The company's Roshni branches inaugurated in Chennai, Coimbatore, Ghaziabad, Hyderabad, Indore/Ujjain, Lucknow, Mumbai, Nagpur, Pune, Rajkot and Varanasi will cater to customers in this segment. Borrowers can get loans for purchase of house property, self-construction, home extension/renovation, plot purchase plus construction, loan against property, among others, PNB Housing Finance said in a release. Whether loan applicants are new to credit, self-employed without formal income or salaried from a low-income group

PNB Housing Finance's Q2 net profit rises 12% on improving margins

Its net interest income (NII) expanded by 29 per cent YoY to Rs 649 crore in the reporting quarter.

PNB Housing Finance appoints Vinay Gupta as CFO, to succeed Kapish Jain

PNB Housing Finance on Friday announced the appointment of Vinay Gupta as the Chief Financial Officer. The appointment will be effective from October 26, it said in a regulatory filing. Gupta's appointment follows the resignation of Kapish Jain as the CFO in April this year. The interim CFO Kaushal Mithani had resigned in August. Currently, Gupta is associated with SBI Cards and Payment Services. A chartered accountant with over 20 years of experience, he has extensive experience in financial management, financial planning and other areas.

PNB Housing revamps 'Unnati' to offer Rs 9-12 lakh as affordable loans: CEO

PNB Housing Finance is revamping its 'Unnati' loan portfolio to go deeper into the affordable housing segment eyeing customers who need loans of Rs 9-12 lakh, MD & CEO Hardayal Prasad said. PNB Housing has created a small vertical under Unnati which will be different from existing Rs 18-19 lakh as affordable housing loans. "We are setting up a whole infrastructure, we have already opened 10 more branches in June quarter. This policy on Unnati is completely revamped, this is a completely different way the business will take place. The loan ticket size will come down to about Rs 9-12 lakh as against Rs 18-19 lakh which is there today. "So there is world of difference in the way as we plan to hit the road by September and that is where the Unnati book will start growing," Prasad said, adding it opened 20 branches in March 2022 quarter and more will be added going forward. PNB Housing was never there in this loan bracket, some of the competing HFCs offer these types of loans. "As a ..

Domestic housing sector set to grow in next 5 years: PNB Housing Finance

The domestic housing sector is set to grow for the next five years after a lull of several years and the housing finance companies are well poised to tap this opportunity aided with sectoral reforms

PNB board approves investing Rs 500 cr in PNB Housing's rights issue

PNB Housing Finance is looking to raise Rs 2,000 crore by issuing NCDs on a private placement basis