PNB Housing

Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.

Gains from easing bond yields worldwide; better rate comes against indicative yield of 9-9.25%

Pulling out from the Rs 4,000-crore Carlyle-led deal was a conscious choice as company did not want to entangle in legal battle and lose focus on business, PNB Housing MD and CEO Hardayal Prasad said

Consolidated interest income drops to Rs 1,500 cr from Rs 1,960 cr in the same quarter last year. NII down 23% to Rs 503 cr

The BSE Sensex closed at 54,555 levels, up 152 points or 0.28 per cent. The Nifty50 index shut shop at 16,280 levels, up 22 points or 0.13 per cent

The tribunal lacks a third member to fall back upon, thus putting the PNB Housing plea in a limbo

PNB Housing Finance on Wednesday reported an over 5 per cent decline in its consolidated net profit to Rs 243.28 crore for the first quarter ended June 30.

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

This forms part of the proposed deal to invest Rs 4,000 crore in the company through a preference issue

The US bond yields which have become influential on stock prices, globally, spiked to 1.48 per cent

The company's board will meet on October 24 to declare quarterly earnings for the second quarter of this fiscal and will also consider proposal to raise fund

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

While the company is rebalancing its loan book, higher costs and weak asset quality pose challenges

Improvement in retail real estate demand with slash in GST is expected to spur demand and help drive its loan growth over other smaller players

"We expect the bank's internal capital generation to improve gradually as declining credit costs alleviate pressure on its capitalisation over the next 12-18 months."

With operating climate tight especially for HFCs, it may take a while for firm's financials to strengthen

While increase in liquidity provides comfort in terms of asset-liability management, near-term margin pressure continues

Housing finance company says it raised money in current month, is silent on interest rate

But competitive pressures to cap upsides on profitability, loan growth

Higher funding costs, uncertainty around stake sale has Street worried