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First-Time Home Buyer Mistakes: A Guide to Home Loan Decisions Buying your first home is an exciting journey, but it’s essential to navigate it wisely. One of the critical milestones in this journey is applying for a home loan, which can be a both exciting and overwhelming process. This comprehensive guide will explore the significance of applying for a home loan and the common mistakes first-time home buyers often make in securing home finance.   Understanding the Importance of Applying for a Home Loan Applying for a hom...
First-Time Home Buyer Mistakes: A Guide to Home Loan Decisions
First-Time Home Buyer Mistakes: A Guide to Home Loan Decisions
Source: PNB Housing Finance Ltd
2024-09-09 05:51:35 pm
PNB Housing Finance Joins Hands with Niramay Charitable Trust to Boost Digital Literacy Among Nursing Students PNB Housing Finance, a leading housing finance company in India, has inaugurated Pehel Computer Labs in collaboration with Niramay Charitable Trust through its CSR arm, Pehel Foundation. The state-of-the-art computer labs, established in the Government Nursing College Ahmedabad and Surat, aim to enhance digital literacy among nursing students and faculty. The facilities will help more than 1000 students and faculties across both the colleges with online study material, references, assignments...
PNB Housing Finance Joins Hands with Niramay Charitable Trust to Boost Digital Literacy Among Nursing Students
PNB Housing Finance Joins Hands with Niramay Charitable Trust to Boost Digital Literacy Among Nursing Students
Source: PR Agency
2024-09-09 12:47:49 pm
PNB Housing Finance jumps on reporting 25% rise in Q1 consolidated net profit PNB Housing Finance is currently trading at Rs. 795.80, up by 15.20 points or 1.95% from its previous closing of Rs. 780.60 on the BSE. The scrip opened at Rs. 794.95 and has touched a high and low of Rs. 802.55 and Rs. 787.05 respectively. So far 39389 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 913.95 on 25-Jan-2024 and a 52 week low of Rs. 598.05 on 02-Aug-2023. Last one week high and low of the scrip st...
PNB Housing Finance jumps on reporting 25% rise in Q1 consolidated net profit
PNB Housing Finance jumps on reporting 25% rise in Q1 consolidated net profit
Source: Accord Fintech
2024-07-26 12:51:06 pm
Buy PNB Housing Finance Ltd. For Target Rs.1,000 By Motilal Oswal Financial Services Steering through near-term headwinds for a robust franchise ahead Improvement in product mix to offset the adverse impact on NIM * PNB Housing Finance (PNBHF) plans to transform from a prime housing financier into a lender that offers a wide bouquet of mortgage products across cohorts of product and customer profiles. In addition to its existing affordable housing loans (Roshni) vertical, it will also enter the emerging market vertical from FY25. * PNBHF has restructured its busines...
Buy PNB Housing Finance Ltd. For Target Rs.1,000 By Motilal Oswal Financial Services
Buy PNB Housing Finance Ltd. For Target Rs.1,000 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-06 03:08:13 pm
India's PNB Housing Finance posts Q4 profit rise on steady demand for home loans India's PNB Housing Finance reported a 57% rise in fourth-quarter profit on Monday, helped by steady demand for home loans and a decline in bad loans. Demand for premium and luxury housing has been strong over the last year even as the affordable segment saw demand easing due to high interest rates. Home financiers saw strong disbursement in the fourth quarter as home buyers pinned hopes on a rate cut later this year. PNB Housing Finance, a unit of state-run lender Punjab Nationa...
India's PNB Housing Finance posts Q4 profit rise on steady demand for home loans
India's PNB Housing Finance posts Q4 profit rise on steady demand for home loans
Source: Reuters
2024-04-29 05:17:53 pm
PNB Housing Finance moves up on expanding distribution network to 300 branches across India PNB Housing Finance is currently trading at Rs. 771.40, up by 7.00 points or 0.92% from its previous closing of Rs. 764.40 on the BSE. The scrip opened at Rs. 768.30 and has touched a high and low of Rs. 794.40 and Rs. 767.00 respectively. So far 74867 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 913.95 on 25-Jan-2024 and a 52 week low of Rs. 407.00 on 13-Apr-2023. Last one week high and low of the scrip sto...
PNB Housing Finance moves up on expanding distribution network to 300 branches across India
PNB Housing Finance moves up on expanding distribution network to 300 branches across India
Source: Accord Fintech
2024-04-09 03:20:04 pm
PNB Housing Finance scales new milestone, widens its distribution footprint to 300 branches across India NB Housing Finance, one of India’s leading housing finance companies, today announced the successful expansion of its distribution network to 300 branches across India. This strategic growth marks an important milestone in its journey towards providing accessible and varied housing finance solutions to customers. Spread across 150+ unique cities in the country, PNB Housing Finance will now be able to fulfill the home ownership dreams of millions of individuals and contribute towards nat...
PNB Housing Finance scales new milestone, widens its distribution footprint to 300 branches across India
PNB Housing Finance scales new milestone, widens its distribution footprint to 300 branches across India
Source: PR Agency
2024-04-09 10:39:51 am
Buy PNB Housing Finance Ltd. For Target Rs.1025 By Motilal Oswal Financial Services Credit cost guidance lowered for FY24-FY26 PNB Housing (PNBHF)’s 3QFY24 PAT grew 26% YoY but declined 12% QoQ to ~INR3.4b (~15% miss) due to NIM (excluding one-offs) compression of ~20bp QoQ. Management attributed this to a combination of factors such as: 1) corporate book decline, b) loan book retention to stem BT-OUTs, and c) competitive dynamics resulting in lending at lower rates in select pockets. NII (excluding one-offs) declined ~1% YoY and 3% QoQ to ~INR6.2b due to a gradu...
Buy PNB Housing Finance Ltd. For Target Rs.1025 By Motilal Oswal Financial Services
Buy PNB Housing Finance Ltd. For Target Rs.1025 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-04-07 09:17:09 am
Buy PNB Housing Finance Ltd. For Target Rs.1025 By Motilal Oswal Financial Services Credit cost guidance lowered for FY24-FY26 -      PNB Housing (PNBHF)'s 3QFY24 PAT grew 26% YoY but declined 12% QoQ to ~INR3.4b (~15% miss) due to NIM (excluding one-offs) compression of ~20bp QoQ. Management attributed this to a combination of factors such as: 1) corporate book decline, b) loan book retention to stem BT-OUTs, and c) competitive dynamics resulting in lending at lower rates in select pockets. -   ...
Buy PNB Housing Finance Ltd. For Target Rs.1025 By Motilal Oswal Financial Services
Buy PNB Housing Finance Ltd. For Target Rs.1025 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-04-05 11:34:16 am
Buy PNB Housing Finance Ltd. For Target Rs. 920 By JM Financial Services 3QFY24 - Soft quarter In 3QFY24, PNB Housing Finance (PNBHF) missed our expectations as lower than expected NII (INR 5.9bn, -17% YoY, -8% QoQ, -10% JMFe) and elevated opex (INR 1.7bn, flat QoQ) resulted in less than anticipated PPOP (-20% YoY, -2% QoQ, -10% JMFe) and PAT (INR 3.4bn, +26% YoY, -12%QoQ, -11% JMFe). Lower adj. yields (-19bps QoQ) and stagnant adj. cost of borrowings (-1bp QoQ) resulted in sequential NIM contraction (3.65%, -19 bps QoQ). Elevated competition and recent RBI cir...
Buy PNB Housing Finance Ltd. For Target Rs. 920 By JM Financial Services
Buy PNB Housing Finance Ltd. For Target Rs. 920 By JM Financial Services
Source: JM Financial Services
2024-03-30 10:07:29 am
Buy PNB Housing Finance Target Rs.1,025 - Motilal Oswal Financial Services Ltd Tide has turned, smooth ride ahead Set to deliver PAT CAGR of 25% over FY24E-FY26E and RoA/RoE of 2.5%/~14% in FY26 * Over the past two years, PNBHF has successfully transformed its business model into retail (both prime and affordable verticals) and has reduced its corporate loan book to ~4% of the AUM mix. In Apr’23, PNBHF completed its rights issue of ~INR25b, which has brought in confidence capital and has strengthened its case for a credit rating upgrade from credit rating ag...
Buy PNB Housing Finance Target Rs.1,025 - Motilal Oswal Financial Services Ltd
Buy PNB Housing Finance Target Rs.1,025 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-01-22 10:24:13 am
RBI Monetary Policy Announcement by Mr. Girish Kousgi, MD&CEO PNB Housing Finance Below the Quote on RBI Monetary Policy Announcement by Mr. Girish Kousgi, MD&CEO PNB Housing Finance   “We welcome RBI’s decision to retain the repo rate at 6.5%, indicating a balanced approach to economic growth and inflation. While the long-awaited normalcy still eludes the global economy, India anticipates an optimistic growth trajectory. The GDP growth projection for FY24 to 7% from the earlier 6.5% will help maintain the ongoing economic momentum.  ...
RBI Monetary Policy Announcement by Mr. Girish Kousgi, MD&CEO PNB Housing Finance
RBI Monetary Policy Announcement by Mr. Girish Kousgi, MD&CEO PNB Housing Finance
Source: PR Agency
2023-12-08 04:50:26 pm
PNB Housing Finance moves up on getting nod to raise Rs 3,500 crore via NCDs PNB Housing is currently trading at Rs. 790.20, up by 5.90 points or 0.75% from its previous closing of Rs. 784.30 on the BSE. The scrip opened at Rs. 785.60 and has touched a high and low of Rs. 793.20 and Rs. 785.10 respectively. So far 8068 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 824.55 on 20-Nov-2023 and a 52 week low of Rs. 347.82 on 12-Dec-2022. Last one week high and low of the scrip stood at Rs....
PNB Housing Finance moves up on getting nod to raise Rs 3,500 crore via NCDs
PNB Housing Finance moves up on getting nod to raise Rs 3,500 crore via NCDs
Source: Accord Fintech
2023-11-28 02:49:54 pm
PNB Housing Finance zooms on planning to raise up to Rs 3500 crore through NCDs PNB Housing Finance is currently trading at Rs. 798.00, up by 22.65 points or 2.92% from its previous closing of Rs. 775.35 on the BSE. The scrip opened at Rs. 776.25 and has touched a high and low of Rs. 798.00 and Rs. 776.25 respectively. So far 7479 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 803.30 on 15-Nov-2023 and a 52 week low of Rs. 340.66 on 21-Nov-2022. Last one week high and low of the scrip sto...
PNB Housing Finance zooms on planning to raise up to Rs 3500 crore through NCDs
PNB Housing Finance zooms on planning to raise up to Rs 3500 crore through NCDs
Source: Accord Fintech
2023-11-17 02:38:09 pm
PNB Housing Finance Celebrates Dual Milestone with the Launch of its 100th Affordable branch & First All-women Branch PNB Housing Finance, the third largest* housing finance company in India, marked a significant milestone today with the inauguration of its first all-women branch in the country. This exclusive, all-women branch located in Tambaram, Tamil Nadu, also marked the Company’s 100th Affordable-focussed branch. The inauguration was graced by Mr. Girish Kousgi, MD & CEO, PNB Housing Finance, along with Ms. Gita Nayyar and Mr. R. Chandrasekaran, Independent Directors, PNB Housing Finance...
PNB Housing Finance Celebrates Dual Milestone with the Launch of its 100th Affordable branch & First All-women Branch
PNB Housing Finance Celebrates Dual Milestone with the Launch of its 100th Affordable branch & First All-women Branch
Source: PR Agency
2023-11-07 11:13:39 am
Buy PNB Housing Finance Ltd For Target Rs.825 - JM Financial Institutional Securities PNB Housing Finance reported 2QFY24 PAT at INR 3.8bn, ahead of our estimates of INR3.5bn (+10% JMFe) led by stronger than expected NII of INR 6.5bn (+6.6% QoQ; +5% JMFe) which aided NIMs to inch-up +9bps QoQ at 3.95%. Steady PPoP (INR 5.5bn, +9% QoQ) and lower than estimated provisions (credit costs at 26bps vs 36bps QoQ) elevated the PAT to INR 3.8bn (+46% YoY, +10% QoQ, +10% JMFe). Almost entire disbursements in 2QFY24 came from the retail segment which grew +18% YoY to INR 41.7bn leading t...
Buy PNB Housing Finance Ltd For Target Rs.825 - JM Financial Institutional Securities
Buy PNB Housing Finance Ltd For Target Rs.825 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-10-31 10:41:22 am
PNB Housing Finance falls despite reporting 46% rise in Q2 consolidated net profit PNB Housing Finance is currently trading at Rs. 690.00, down by 21.75 points or 3.06 % from its previous closing of Rs. 711.75 on the BSE.The scrip opened at Rs. 711.00 and has touched a high and low of Rs. 714.05 and Rs. 679.65 respectively. So far 36474 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 780.65 on 19-Oct-2023 and a 52 week low of Rs. 340.66 on 21-Nov-2022.Last one week high and low of the scrip stood at Rs. 780.65...
PNB Housing Finance falls despite reporting 46% rise in Q2 consolidated net profit
PNB Housing Finance falls despite reporting 46% rise in Q2 consolidated net profit
Source: Accord Fintech
2023-10-26 12:12:24 pm
PNB Housing Finance`s Q2FY24 results reporting an increase in Profit after Tax by 46% YoY and 10% QoQ to INR 383 crore. The Board of Directors of PNB Housing Finance Limited today approved the Consolidated Unaudited Financial Results for the quarter ended 30th June 2023. The accounts have been subjected to a limited review by the Company?s Statutory Auditors in line with the regulatory guidelines. The financial numbers are based on IndASThe Board of Directors of PNB Housing Finance Limited today approved the Consolidated Unaudited Financial Results for the quarter and half year ended 30th September 2023. The a...
PNB Housing Finance`s Q2FY24 results reporting an increase in Profit after Tax by 46% YoY and 10% QoQ to INR 383 crore.
PNB Housing Finance`s Q2FY24 results reporting an increase in Profit after Tax by 46% YoY and 10% QoQ to INR 383 crore.
Source: PR Agency
2023-10-23 05:52:44 pm
India`s PNB Housing Finance posts 46% surge in Q2 profit on strong loan demand India's PNB Housing Finance reported a 45.8% rise in the second-quarter profit on Monday, aided by healthy demand for home loans and improved asset quality.The Indian mortgage lender said its consolidated net profit after tax rose to 3.83 billion rupees ($46.06 million) for the quarter ended Sept. 30 from 2.63 billion rupees a year earlier.Net interest margin, a key measure of profitability, stood at 3.95% for the quarter.Investment in real estate has been strong amid relentless demand for ho...
India`s PNB Housing Finance posts 46% surge in Q2 profit on strong loan demand
India`s PNB Housing Finance posts 46% surge in Q2 profit on strong loan demand
Source: Reuters
2023-10-23 05:40:54 pm