PNB Housing Finance appoints Vinay Gupta as CFO, to succeed Kapish Jain
NEW DELHI: PNB Housing Finance on Friday announced the appointment of Vinay Gupta as the Chief Financial Officer. The appointment will be effective from October 26, it said in a regulatory filing. Gupta’s appointment follows the resignation of Kapish Jain as the CFO in April this year. The interim CFO Kaushal Mithani had resigned in […]
PNB Housing Finance, Yes Bank sign strategic co-lending pact for retail home loans
NEW DELHI: PNB Housing Finance on Friday said it has tied up with Yes Bank for a strategic co-lending service that will facilitate retail home loans at competitive rates. PNB Housing and Yes Bank will synergise capabilities to provide an efficient and seamless experience to existing and new retail home loan customers, PNB Housing Finance […]
PNB Housing Finance cuts retail lending rates by 15 basis points
NEW DELHI: PNB Housing Finance Limited, 4th largest Housing Finance Company in India, has reduced its retail lending rates including individual home loan and loan against property by 15 basis points with effect from 9th May 2020. This benefit is provided to all its existing retail customers who have availed the loan before February 2020 […]
PNB Housing Finance raises Rs 522 crore via ECB from Sumitomo Mitsui Banking
NEW DELHI: PNB Housing Finance on Tuesday said it has raised fresh equity of Rs 522 crore ($75 million) as external commercial borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC) of Singapore. The ECB is under the Reserve Bank of India’s automatic route of approval and the proceeds will be used by the company as […]
PNB Housing Finance reports 32% rise in Q3 net profit to Rs 303 crore
NEW DELHI: PNB Housing Finance on Thursday reported a 32 per cent rise in consolidated net profit at Rs 303 crore in the third quarter ended December 2018. Its net profit was Rs 229.5 crore in the corresponding quarter a year ago, PNB Housing Finance said in a statement. Total income of the housing finance […]
PNB Housing Finance obtains refinance sanction of Rs 3,500 crore from National Housing Bank
NEW DELHI: PNB Housing Finance on Monday said it has obtained refinance sanction of Rs 3,500 crore from the National Housing Bank (NHB) in October 2018. “The funds will be utilised for the specific sector wise disbursements/ end uses as per norms of the respective NHB refinance schemes,” PNB Housing Finance said in a regulatory […]
PNB Housing Finance raises Rs 2,450 crore through commercial papers
NEW DELHI: PNB Housing Finance said on Wednesday it has raised Rs 2,450 crore through commercial papers (CP) amidst reports of tight liquidity situation in the market. This is in addition to Rs 1,775 crore raised earlier in October totalling to Rs 4,225 crore of CPs raised in October 2018, the mortgage firm said in […]