Steering through near-term headwinds for a robust franchise ahead

Company
12 Apr 2024
5 Min read 
  • PNB Housing Finance plans to transform into a lender offering a wide range of mortgage products.
  •  The company has restructured its business model to prioritize the retail segment.
  •  Credit rating agencies have upgraded PNBHF to AA+, which will reduce its cost of borrowings.
  •  The company expects near-term pressure on its net interest margin (NIM) but plans to improve its product mix to offset the impact.
  •  PNBHF has made enhancements to its collection framework and expects improvements in asset quality.
  •  The company is primed for healthy retail loan growth from FY25 onwards.
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