Page 2 - Pnb Housing Finance

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

SAT gives split verdict in Sebi-PNB Housing case; interim order to continue

Sebi's main contention was that it had power to regulate transfer of securities under section 24 of the Companies Act

PNB Housing aims to bring corp loan book below Rs 10k cr by March 2022: MD

PNB Housing Finance is targeting to reduce its corporate loan book to below Rs 10,000 crore by the end of this fiscal as it seeks to focus more on retail lending activities, according to a top company official. The company's corporate lending stood at Rs 10,989 crore at the end of the first quarter of 2021-22, accounting for 15 per cent of its Asset Under Management (AUM) and the latter touched Rs 71,828 crore during the same period. However, PNB Housing Finance's loan assets declined to Rs 60,438 crore at the end of June this year compared to Rs 68,009 crore in the year-ago period. The business of the company, promoted by state-owned Punjab National Bank (PNB), has been hit by the second COVID wave. "This quarter (June 2021) itself, we have been able to reduce the book by about Rs 800 crore in terms of corporate (lending). And we would like to bring it down to below Rs 10,000 crore (by March 2022)," Hardayal Prasad, Managing Director & CEO of PNB Housing Finance, told PTI in an ..

PNB Housing Fin to step up recovery efforts this month onwards: CEO Prasad

The company''s gross NPAs jumped to six per cent of the gross advances in quarter ended June 30, 2021, from 2.7 per cent by end of June 2020, mainly on account of impact of second wave of Covid-19.

CCI approves acquisition of equity stake by Carlyle in PNB Housing Finance

The transaction has been approved by the Competition Commission of India under the Green Channel, an official release said on Wednesday

PNB Housing Fin Q1 net profit slips 5% to Rs 243 crore

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.

Top headlines: Birla exits as Vi's non-exec chairman; 4th medal for India

Business Standard brings you the top headlines on Wednesday

No error of judgment in PNB Housing-Carlyle deal: PNB MD Mallikarjuna Rao

Subsequent rise in share prices of the mortgage lender post the announcement could not have been anticipated, he asserts

Top headlines: Kerala seeks Sputnik V plant; Covid crimps budget housing

Business Standard brings to you the top headlines on Thursday

PNB Housing Finance vs Sebi: Mystery of the Articles of Association

The rigmarole over the valuation of a preferential share allotment has raised a confusing question on the status of a company's Articles of Association

Top headlines: Reliance Retail buys stake in Just Dial, DoT aid for telcos

Business Standard brings to you the top headlines on Saturday

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

PNB Housing to SAT: Sebi can't compel us as AoA is just a contract

It argued that AoA cannot override the Sebi's ICDR (Issue of Capital and Disclosure Requirements) regulations, which listed firms have to follow for issuing preferential allotments

PNB advises Housing arm to rejig Carlyle deal as per Sebi order

PNB Housing to await SAT's order before taking a call on restructuring

SAT to hear matter on PNB Housing Finance-Carlyle deal next week

The Securities Appellate Tribunal (SAT) will hear the case related to the PNB Housing Finance-Carlyle deal next Monday. The order in the matter was expected on July 5, however, it was adjourned for July 12. PNB Housing had filed an appeal before the SAT against the letter issued by the Securities and Exchange Board of India last month, requesting it not to go ahead with the proposal until due diligence was done. "As sought by the company, the Securities Appellate Tribunal, in its hearing on July 5, 2021, adjourned the case for Monday, July 12, 2021," PNB Housing Finance said in a regulatory filing on Tuesday. Under the deal announced on May 31, the US-based Carlyle, alongside other investors, is slated to infuse Rs 4,000 crore capital into PNB Housing through the issuance of preference shares and warrants. However, the deal has come under the scanner of the regulator. The company was directed to carry out the valuation process of shares as per the relevant legal provisions. PNB .

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

PNB Housing Finance board followed all due processes: Finance Ministry

Remarks come a day before PNB board meeting

PNB to apprise board of PNB Housing Finance deal in Friday meet

The shareholders of PNB Housing on Tuesday voted on a special resolution for a preferential allotment of shares to a clutch of investors led by the Carlyle Group