Page 3 - Pnb Housing Finance

PNB Housing Finance net profit rises 12% at Rs 263 crore in Sept quarter

PNB Housing Finance on Thursday reported 11.7 per cent rise in net profit at Rs 262.63 crore for September quarter 2022-23 on a modest rise in core income. The non-banking finance company had logged a net profit of Rs 235.21 crore in the year-ago period. Total income increased to Rs 1,683.43 crore from Rs 1,586.41 crore in the same period of 2021-22, PNB Housing Finance said in a regulatory filing. Core interest income of the Delhi-based housing finance company rose 6.5 per cent in the quarter to Rs 1,597.54 crore as against Rs 1,499.88 crore in the year-ago period. Total expenses moved up nearly 4 per cent to Rs 1,343 crore from Rs 1,295.21 crore. Promoted by the country's second largest state-owned lender Punjab National Bank (PNB), the company is engaged in the business of providing loans for purchase, construction, repairs and renovations of housing and commercial properties. On the asset front, gross non-performing assets (NPAs or bad loans) stood at 6.05 per cent of gross .

PNB HFC Q1 net down 3% YoY, corporate loan pre-payments hit income

Disbursements during reporting quarter almost doubled to Rs 3,451 crore compared to Rs 1,759 crore in Q1FY22

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PNB Housing, directors shell out Rs 73 lakh to settle case with Sebi

The payment was made under settlement rules, which allow an alleged wrongdoer to settle a matter without admitting or denying the guilt

PNB Hsg Fin, 12 individuals settle with Sebi a case related to Carlyle deal

The housing finance player, part of state-owned PNB, and the 12 individuals, who were directors of the company as on May 31, 2021, jointly paid Rs 72.76 lakh towards settlement

PNB Housing Finance profit rises 33% at Rs 170 crore in March quarter

Its net interest income fell by 37 per cent in the reporting quarter to Rs 377 crore

PNB Housing Finance net profit up 33% at Rs 170 crore in March quarter

Net interest income was down by 37 per cent at Rs 377 crore from Rs 593 crore

For FY23, State Bank of India eyes Rs 10K-cr loan book via co-lending

The bank is roping in an IT vendor for building a digital interface platform for co-lending to manage risks, accounting, reconciliation, minimise physical interface and reduce defaults

SBI inks co-lending pact with five HFCs for affordable housing

SBI expects to grow home loan book to Rs 7 trn by 2024

PNB Housing Finance to raise up to Rs 2,500 cr via rights issue

In October 2021, PNB HFC dropped plans for a preferential issue of equity shares to raise Rs 4,000 crore from a group of investors led by private equity fund Carlyle

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 Q3 net profit falls 19%, asset quality deteriorates

PNB Housing's gross non performing assets rose to 7.64% in Oct-Dec, 2021 as compared to 5.94% a quarter ago

PNB Housing Fin Q3 net down 19% to Rs 188 crore on shrinking NII

Loan book shrinks as well; CFO resigns

Next quarter onwards, hope to see positive growth: PNB Housing Finance CEO

On the retail side, for eight quarters, our portfolio shrank, but this quarter has witnessed flat growth, said CEO Prasad

SC dismisses Sebi's appeal against SAT order: PNB Housing Finance

PNB Housing Finance stock was trading at Rs 520.60 apiece on BSE, down 4.99 per cent from previous close

Supreme Court dismisses Sebi's appeal in PNB Housing Finance case

PNB Housing Finance had fixed the preference issue price at Rs 390 apiece, much lower than the stock price prevailing at that time

PNB HF scraps Rs 4K-crore deal with Carlyle-led group of investors

Protracted litigation, uncertainty reasons for move: Firm

Delay in equity raising may affect PNB HFC's growth: Rating agencies

India Ratings said capital infusion was critical in providing adequate buffers for growth and mitigate any possible asset-side stress

As Carlyle deal hits legal hurdle, PNB Housing plans Rs 35k-cr debt capital

Preferential allotment will be made post receipt of regulatory, shareholders and legal approval, says mortgage lender

Capacity constraint

Vacancies in tribunals will affect business environment