For Quick Alerts
For Daily Alerts

PNB Housing Finance Shares Gain 14% On Business Update


Shares of PNB Housing Finance rose as much as 14 percent in trade on Thursday as they reacted to the company's business updates related to the second quarter of the financial year. The shares touched an intraday high of Rs 437 apiece.

PNB Housing Finance Shares Gain 14% On Business Update

In a stock exchange filing on Wednesday, post market hours, the company said that it disbursed loans amounting to Rs 4,970 crore during the July-September period with retail disbursements being Rs 4,718 crore and corporate disbursements at Rs 252 crore.

The statement further said that PNB Housing Finance Ltd's Asset under Management (AUM) was at Rs 89,471 crore and loan asset was at Rs 74,353 crore as on 30 September 2019.

Its gross NPA (non-performing assets) stood at 0. 73 percent of the AUM as on 30 Sept 2019 while at loan asset level the gross NPA was at 0.84 percent.

During the second quarter, the company securitized loans amounting to Rs 3,580 crore through direct assignment route and raised $175 million through ECB route. It also raised NCD (non-convertible debentures) worth Rs 500 crore.

PNB Housing Finance's cash and bank balances (including liquid investments) were Rs 4,279 crore as on 30 September with exposure in commercial paper reduced to Rs 4,506 crore from Rs 6,475 crore as on 30 June 2019.

In a separate notification, the company spoke of its plans to raise Rs 10,000 crore through secured and unsecured non-convertible debentures. The company's board will meet on 24 October to consider the fund-raising and to approve/record the financial results for the quarter.

Read more about: pnb housing finance
Story first published: Thursday, October 17, 2019, 15:03 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X