PNB Housing board OKs raising Rs 2,000-cr via NCDs
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The board of PNB Housing Finance has approved issuing non-convertible debentures (NCDs) aggregating upto Rs 2,000 crore on private placement basis. The announcement was made after market hours yesterday, 14 June 2022. PNB Housing Finance is a deposit-accepting housing finance company, with second largest deposits outstanding within housing finance companies. As on 31 March 2022, Punjab National Bank held 32.57% in PNB Housing Finance.
On consolidated basis, the housing finance company reported 33.5% increase in net profit to Rs 169.54 crore despite of 22.3% decline in total income to Rs 1,425.83 crore in Q4 FY22 over Q4 FY21.
