Page 6 - Pnb Housing Finance

PNB Housing to seek shareholders' nod to raise Rs 45,000 cr through NCDs

Bonds/non-convertible debentures constitute significant portion of company's total borrowings, says state-owned lender

PNB Housing Finance plans to sell corporate loans up to Rs 2,000 crore

PNB HFC is in talks with banks for offloading a part of corporate loan book, and expects to finalise the deal in next few weeks, said Neeraj Vyas, MD and CEO of the housing finance company.

PNB Housing Finance books Rs 351-cr loss in Q4 on increased write-offs

Capital adequacy was 17.98 per cent, of which Tier I capital was 15.18 per cent and Tier II capital was 2.80 per cent. The Board did not recommend a dividend for FY20

PNB Housing Finance cuts lending rates by 15 bps for existing customers

The company offers its retail customers housing and non-housing loans

PNB Housing Finance CEO resigns, search on for successor in full swing

Vyas is a senior banking professional with over 36 years of experience in banking across a range of diverse functions in both India and overseas

Market volatility challenge to PNB HFC's equity plans, says ICRA

Further delay in fundraising will postpone the expected improvement in the leverage profile and limit the cushion available for absorbing contingencies

PNB Housing Finance to raise Rs 1,700 crore in equity through QIP

The housing finance company, however, did not specify timing for the QIP offering

CRISIL downgrades PNB Housing Finance's deposits rating to 'AA+' from 'AAA'

PNB Housing's fund-raising ability has remained intact over the last 6-9 months and it is continuing to maintain high on-balance liquidity.

PNB Housing Finance reports a 32% decline in PBT at Rs 298.2 crore

The shares of the housing finance company closed 5.01 per cent lower at Rs 542.30 per share on the BSE

PNB Housing Finance raises Rs 2,500 crore from LIC through bond sale

This issuance is through private placement basis with a door-to-door tenure of 10 years, and the proceeds will be utilised by the company for its normal course of business operations

LICHF, PNBHF struggling to gain lost ground as Street turns a blind eye

Both public sector non-bank lenders are aligning their loan book favourably towards retail home loans without losing sight on profitability

PNB Housing Finance rallies 25% as PAT jumps 45% YoY in Q2

The assets under management (AUM), too, rose 22 per cent to Rs 89,470.6 crore during the period from Rs 73,481.5 crore a year ago

PNB Housing to cut effective tax rate by 8-9% after FM's announcements

On September 20, Finance Minister Nirmala Sitharaman announced slashing the basic corporate tax rate for domestic companies to 22 per cent from 30 per cent

Housing Finance stocks slide; PNB Housing hits fresh all-time low

In the past two months, LIC Housing Finance (down 27 per cent) and PNB Housing Finance (down 19 per cent) have underperformed the market

PNB Housing Finance raises Rs 522 cr via ECB from Sumitomo Mitsui Banking

The ECB is under the Reserve Bank of India's automatic route of approval and the proceeds will be used by the company as per the applicable RBI guidelines, the company said in a release

PNB Housing Finance raises Rs 690 crore from IFC through ECB route

This is the maiden fundraising via the ECB route in 2019-20 by PNB Housing Finance. The company further said that other ECB proposals are in the pipeline

PNB Housing Finance raises $100 mn from IFC for affordable housing projects

PNB Housing Finance Managing Director Sanjaya Gupta said this is the first ECB disbursement during the current financial year under the RBI automatic route

PNB Housing Finance reports net profit of Rs 379.7 cr in Q4FY19; up 51%

PNB will raise Rs 10,000 crore via NCDs and upto $1 billion by ECB route

PNB Housing to raise $1 bn from foreign mkts in one or more tranches

The housing finance arm of the Punjab National Bank will announce the fourth quarter results on May 9

PNB Housing Finance reports 32% rise in Q3 net profit to Rs 303 cr

Net interest margin increased to 3.06%, as against 3.02% for the third quarter of the previous fiscal