Page 3 - Pnb Housing Finance Ltd
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 ..
 "PNB Housing revamps 'Unnati' to offer Rs 9-12 lakh as affordable loans: CEO")
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
 "Domestic housing sector set to grow in next 5 years: PNB Housing Finance")
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
 "PNB board approves investing Rs 500 cr in PNB Housing's rights issue")
Stocks to Watch: RIL, HUL, Dr.Reddy's, PNB Housing, Future Retail, Banks
Reliance Industries is likely to be in limelight as the company is looking to take advantage of the surging diesel demand in Europe in the backdrop of Russia-Ukraine conflict.
 "Stocks to Watch: RIL, HUL, Dr.Reddy's, PNB Housing, Future Retail, Banks")
Benchmarks fall 15% from record peak, end at 8-mth low; Sensex dips 1491pts
On the NSE, the Nifty50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent
 "Benchmarks fall 15% from record peak, end at 8-mth low; Sensex dips 1491pts")
PNB Housing Finance board to take call on fundraising on Mar 9
PNB Housing Finance had decided to sell a part of its stake to a group of investors led by private equity firm Carlyle in May
 "PNB Housing Finance board to take call on fundraising on Mar 9")
SAT allows PNB Housing Finance to withdraw appeal in Carlyle deal
PNB Housing Finance on Wednesday said the Securities Appellate Tribunal has allowed it to withdraw its appeal in the matter related to the Rs 4,000 crore Carlyle deal, which stands scrapped now
 "SAT allows PNB Housing Finance to withdraw appeal in Carlyle deal")
LIVE: US to lift curbs from Nov 8 for fully vaccinated foreign visitors
Live news updates: Carlyle and other investors will withdraw their open offer to its shareholders; Zee accuses Invesco of double standards.
 "LIVE: US to lift curbs from Nov 8 for fully vaccinated foreign visitors")
Top headlines: PNB Housing drops stake sale plan; Air India reports losses
Air India's revenue from operations dropped at Rs 10,343 core in FY21 from Rs 27,711 crore year ago. More on that story in out top headlines.
 "Top headlines: PNB Housing drops stake sale plan; Air India reports losses")
PNB Housing eyes Rs 35,000 cr fresh debt as Carlyle deal faces hurdles
The company said it will seek shareholders' approval for further fund raising by way of debt issue.
Stocks to watch: Zomato, Shree Cement, RIL, PNB Housing Fin, Indian Hotels
Allcargo group firm Gati Limited has appointed Pirojshaw Sarkari as its CEO, the company said on Monday
 "Stocks to watch: Zomato, Shree Cement, RIL, PNB Housing Fin, Indian Hotels")
Sensex adds 123 pts, Nifty tad below 16,300; Bharti Airtel jumps 4%, ITC 3%
The BSE MidCap added 0.10 per cent but the BSE SmallCap index slipped 0.43 per cent
 "Sensex adds 123 pts, Nifty tad below 16,300; Bharti Airtel jumps 4%, ITC 3%")
Sebi's actions hurt minority shareholders: PNB Housing tells SAT
The counsel argued that blaming the board of directors was unfair as preferential allotment price was not final and had to be approved by a special resolution
Share allotment: PNB Housing Finance erred in pricing, says Sebi
Regulator says allotment of shares did not conform to the company's articles of association
Top headlines: Analysts predict Infosys Q1 results, Zomato allots shares
News about Zomato's share allotment and what analysts are saying about Infosys's Q1 results later today.
 "Top headlines: Analysts predict Infosys Q1 results, Zomato allots shares")
SAT questions Sebi's intervention in PNB Housing-Carlyle Group deal
Says regulator could've waited before passing order in PNB HF matter
Stocks to watch: TCS, Shyam Metalics, Tata Motors, PNB Housing, HDFC
JK Tyre & Industries, on Wednesday, said it has widened its original equipment manufacturer (OEM) supply to Hyundai Motor India
Top headlines: Team Modi to meet after reshuffle, Adani to raise $1.5 bn
Prime Minister Modi expands and reshuffles his team of ministers; Shapoorji Pallonji group says it doesn't need Tata approval to pledge its shares in the conglomerate.
Explained: Why red flags have gone up on PNB Housing-Carlyle deal
What are the contours of the deal? Why is the market regulator hesitant about giving the deal a go-ahead? In today's podcast we decode them and more
 "Explained: Why red flags have gone up on PNB Housing-Carlyle deal")
PNB HFC-Carlyle pact: Deal complies with guidelines, PNB board told
The government is looking at the issue and is awaiting Securities Appellate Tribunal order due on July 5
 "PNB HFC-Carlyle pact: Deal complies with guidelines, PNB board told")