Latest news with #PNBHousing
Time of India
17 hours ago
- Business
- Time of India
PNB Housing Finance aims to grow high yielding loan share to 50% by FY27
Kolkata: PNB Housing Finance plans to expand the share of home loans under high-yielding affordable and emerging markets segments to 50% of the portfolio by FY27 to boost margins. The high yielding segments contributed 37% of the company's loan asset portfolio of Rs 76923 crore at the end of June. "The affordable and emerging market segments are going to be the focus for PNB Housing," managing director Girish Kousgi told ET . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like End Season Sale: Special Discount Luxury Watches Buy Now Undo The lender has slowed down lending to the prime segment, which accounted for about 63% of its portfolio at present. It stopped funding very expensive and luxurious housing units costing more than Rs 70 lakh designed for ultra high net worth individuals, he said. Its retail disbursement during the first quarter was at Rs 4980 crore with 50% contribution from the high yielding segments. These segments saw about 30% year-on-year disbursement growth while the prime segment disbursement grew 1%. Live Events The affordable segment yields the most. PNB Housing Finance saw the yield from this segment rising 52 basis points to 12.1% for the first quarter over 11.6% seen in the year ago-period. Incremental yield from the emerging markets loan rose 11 basis points to 9.6%. The rise in incremental yield was a modest 1% to 9.3% for the prime segment. The average yield was 9.99% in the first quarter as compared with 10.03% in the preceding quarter. The net interest margin for the quarter stood at 3.74% against 3.75% in the preceding three month period and 3.65% in the year ago quarter. The company has aligned its branch expansion strategy keeping the high yielding segments on focus. It has reclassified 20 branches as emerging markets branches shifting the focus from the prime segment. It has 356 branches with 200 targeting affordable housing segment borrowers while 80 are for emerging markets customers in tier 2 and 3 towns .
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Business Standard
2 days ago
- Business
- Business Standard
PNB Housing Finance shares rise 3% on posting Q1 numbers; PAT up 23%
PNB Housing Finance shares rose 2.8 per cent, logging an intraday high at ₹1,115.9 per share on BSE. The demand for the stock came after the company posted its Q1FY26 results. At 11:27 AM, PNB Housing Finance share price was trading 0.89 per cent higher at ₹1,095 per share on BSE. In comparison, the BSE Sensex slipped 0.08 per cent at 82,137.87. PNB Housing Q1 results The housing finance company reported its Q1 numbers after market hours on Monday. In the quarter ended June 30, 2025, the company's consolidated net profit stood at ₹534 crore, up 23 per cent, as compared to ₹433 crore a year ago. Its net interest income (NII) for the quarter under review stood at ₹760 crore, up 17 per cent, as against ₹651 crore a year ago. The gross income for the quarter stood at ₹847 crore as compared to ₹735 crore a year ago. Its Gross non-performing asset (NPA) declined by 29 basis points (bps) to 1.06 per cent as on June 30, 2025, as compared to 1.35 per cent a year ago. Recovery from the written-off pool continues with total recovery of ₹57 crore in Q1FY25. Further, retail loan assets grew by 18 per cent year-on-year (Y-o-Y) to ₹76,923 crore as on June 30, 2025. Affordable and Emerging Markets segments formed 37 per cent of the retail loan assets. Retail disbursement grew by 14 per cent Y-o-Y to ₹4,980 crore during Q1FY26. Capital Risk Adequacy Ratio stood at 29.68 per cent as on June 30, 2025; Tier I stood at 28.96 per cent. "As we look forward, we are confident of our ability to achieve our stated guidance for the fiscal year," said Girish Kousgi, managing director & CEO, PNB Housing Finance. About PNB Housing Finance PNB Housing Finance is promoted by Punjab National Bank and is a registered Housing Finance Company with the National Housing Bank (NHB). The company's asset base comprises primarily of retail loans and corporate loans. The retail business focuses on organised mass housing segment financing for the acquisition or construction of houses. In addition, it also provides loans against properties and loans for the purchase and construction of non-residential premises. PNB Housing Finance is a deposit-taking Housing Finance Company.
Business Upturn
2 days ago
- Business
- Business Upturn
PNB Housing shares jump over 2% as Q1 net profit rises 23% YoY to 533.5 crore, NII up 24.2% YoY
By Aman Shukla Published on July 22, 2025, 09:35 IST PNB Housing Finance shares gained over 2% in early trade on July 22 after the company posted a strong set of earnings for the first quarter of FY26. As of 9:33 AM, the shares were trading 2.20% higher at Rs 1,108.10 . The housing finance firm reported a 23.2% year-on-year (YoY) jump in net profit to ₹533.5 crore for the quarter ended June 30, 2025, compared to ₹432.8 crore in Q1 FY25. Revenue from operations rose 14% YoY to ₹2,076 crore, up from ₹1,823 crore in the same period last year. The company's net interest income (NII)—a key profitability metric for lenders—increased 24.2% YoY to ₹688 crore, up from ₹554 crore in Q1 FY25. Gross margin, net of acquisition cost, stood at 4.06%. PNB Housing also reported better asset quality across the board. Its gross non-performing assets (GNPA) ratio improved to 1.06% as of June 30, 2025, compared to 1.35% a year earlier and 1.08% in the previous quarter (March 31, 2025). Retail GNPA also declined to 1.07%, from 1.39% in Q1 FY25 and 1.09% in Q4 FY25, indicating healthier collections and lower slippages in the retail loan portfolio. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time Business News
08-07-2025
- Business
- Time Business News
Benefits of Applying for a Home Loan Online
The growth of technology has made it easier to apply for a home loan. Many Indian banks like PNB Housing now provide an option for online loan applications. It simplifies the process of a home loan and you can apply for a loan from anywhere. It saves your time and you don't have to approach lenders again and again. This article understand the benefits of applying for a home loan online. Minimum Documents Are Required: Applying for a home loan manually involves a lengthy process and lots of paperwork, which might be tiresome. But, while applying online you only need a minimal document. You just need a smartphone or PC with a good internet connection and a Facebook or Google ID. Paperwork allows banks to know your eligibility for taking a loan, your ability to repay the loan, your credit scores, and your habits. Banks can now process these document verification online thereby reducing the need for manual paperwork. PNB Housing stands first among the banks that offer home loans online with minimal paper documentation. Social Presence Adds To Your Credit History: When applying for an online home loan for the first time, you can get a reliable ID based on your presence on Google or Facebook. You don't need any other identity proof or documents to validate your ability to repay the loan. Banks assure your loan based on your online presence and your credentials. PNB Housing now provides disbursal within a few moments of checking your credentials. No Repayment Penalty Involved: If you have received a home loan online but you are finding it difficult to repay the loan on time, then there will be no penalty. On the other hand, if you have availed a loan manually, then according to procurement, you must pay a penalty if you are unable to pay back your loan on time. Many banks including PNB Housing offer you a wide choice of repayment schemes that have flexible ranges and durations and can be customized according to your comfort. Quick And Easy Processing: The eligibility criteria for an online home loan are presented intuitively so that even an average user can understand them clearly. This is because there is no bank staff involved in the process of an online loan application. This simplicity of the online loan process helps borrowers understand how much they owe and how they can repay. One additional benefit of online home loans is that you can get loan benefits from anywhere if you have a good internet and NetBanking facility. Homebuyers can have wide options for affordable online home loans. It provides two-way benefits for the homeowner. They can build a large home or buy a home for a lower budget than estimated. They can also enjoy other benefits of a home loan like tax benefits, paying a small down payment, extended repayment tenure, etc. Reduction In GST Rates On Home Purchases: GST rates are reduced for buying a home when you apply online. There is no input tax credit. Online Home Loans have lower interest rates and lower EMIs. This has made even middle-class people achieve their dream of owning a home. Are you tired of roaming from bank to bank to get better home loans? Does that paperwork causing you a headache? Say Goodbye to all the paperwork! Opt for online home loans which simplifies your application process. Further, it is easy to apply, has reduced interest rates, and no more penalties for exceeding repayment tenure. Enjoy Your Dream Of Owning A Home Coming True With PNB Housing TIME BUSINESS NEWS
Mint
27-06-2025
- Business
- Mint
PNB Housing board sets meeting date to consider ₹10000 crore fundraise
Stock Market Today: PNB Housing on Friday, June 27, announced that its board will meet next month to consider a fundraising plan worth ₹ 10,000 crore. PNB Housing Finance Limited in a release on the stock exchanges said that a meeting of the Board of Directors of the company is scheduled on Wednesday, July 02, 2025. During the aforementioned meeting, among other things, the proposal to raise funds to the tune of ₹ 10,000 crore will be considered and approved by the board of directors. The fundraising is being planned by the issue of Non-Convertible Debentures (NCDs) in one or more tranches on a private placement basis. The shareholders' approval would also be sought for the same at the company's next Annual General Meeting. In its release, PNB Housing said, 'At the said meeting, inter alia, the proposal of fundraising by issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹ 10,000 Crore (Rupees Ten Thousand Crore Only) on a private placement basis in one or more tranches is being placed for consideration/review by the Board and for obtaining approval from the shareholders at the ensuing Annual General Meeting of the Company.' PNB Housing Finance share price opened at ₹ 1133 levels on the BSE on Friday. PNB Housing Finance share price at the time of opening was up over 2% compared to the previous day's closing price of ₹ 1110.60. The share price of PNB Housing Finance thereafter extended its gains to intraday highs of ₹ 1135, which translated into gains of more than 2% during the intraday trades. This was despite tepid market sentiments on Friday, when the benchmark S&P BSE Sensex was trading range-bound with marginal gains only.
