Page 4 - Pnb Housing Finance

PNB Housing Finance set to prune corporate loan book by Rs 1,500 cr

There was a sell down and accelerated pre-payment of Rs 477 crore in the corporate book

PNB Housing Finance Q2 net down 15% at Rs 313 crore; revenue falls 9%

The housing finance company had posted a net profit of Rs 367 crore during the corresponding period of the previous fiscal

Out of the woods? Analysts turn bullish on NBFCs on improved liquidity

Recent steps by the government and the RBI to keep systemic liquidity and rates benign along with direct liquidity to NBFCs facing constraints, in the wake of Covid-19, have helped, analysts say

MARKET WRAP: Indices end flat, Nifty settles at 11,214; Asian Paints up 4%

All that happened in the markets today

Ex-SBI Card head Hardayal Prasad appointed MD of PNB Housing Finance

PNB Housing Finance on Thursday announced appointment of Hardayal Prasad, the former SBI Card head who left the card issuer company last month, as its new managing director and chief executive.

PNB Housing Q1 PBT down 20.4% on sharp dip in NII, lower disbursement

Its net interest margin declined to 2.66% in Q1FY21 from 3.14% in Q1FY20 as it did not securitise part of portfolio in Q1FY21

PNB Housing Fin sees 10% fall in Q1 net profit to Rs 257 cr amid Covid-19

The company's net interest income also slipped 22 per cent to Rs 487.8 crore during April-June, as against Rs 625.5 crore in year-ago period

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