PNB Housing Finance | It is India's third-largest housing finance company as of FY24, with an AUM of Rs 71,243 Cr and a loan book of Rs 65,358 Cr. It also holds Rs 17,783 crore in deposits. The company aims to grow its retail loan book to over Rs 1 lakh Cr by FY27, targeting a CAGR of 16% from FY24 to FY27. Affordable housing is expected to contribute 14-16%, while the emerging markets segment is ...

Banking stocks were on shaky ground on June 4 as investors rushed to book profits after yesterday's record-high moves. Shares of Bank of Baroda, PNB, SBI, Bandhan Bank, Axis Bank, and IndusInd Bank, among others slipped up to 9 percent, as against a 5 percent decline in the Bank Nifty index.The overall market sentiment also deteriorated after the NDA-led coalition secured seats below exit poll est...

Banking stocks HDFC Bank, ICICI Bank, State Bank of India (SBI), and Punjab National Bank, among others, have slipped as much as 9 percent in the past 3 days after the Reserve Bank of India (RBI) proposed norms to tighten project financing by setting standard asset provisioning of up to 5 percent on loans.However, reports suggested that the lenders are likely to oppose imposition of higher provisi...

Shares of PNB Housing Finance zoomed over 8 percent on April 1 after Morgan Stanley put an 'overweight' rating on the stock with a target price of Rs 970 per share. The international brokerage's call comes after CARE Ratings and ICRA upgraded the company's long-term rating to 'AA ' citing improvements in the company's asset quality.The upgrade is also supported by the housing finance company's str...

PNB Housing Finance, an arm of state-owned Punjab National Bank, has received capital markets regulator Sebi’s go ahead to raise up to Rs 2,500 crore through rights issue of shares.The housing finance firm, which had filed draft papers with Sebi in December 2022 regarding the rights issue, obtained its ‘observations’ on March 6, which is necessary for any company to launch the issue, an upda...