PNB FINANCE Unlisted Shares
PNB HOUSING FINANCE LTD
PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It was established under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNB Housing is encouraged by Punjab National Bank (PNB). The Company is a significant came out with a public issue of equity shares in November 2016. Its equity shares are register on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016.
PNB Housing has a large network of branches spread across the country which help its customers avail financial services (loans and deposits) seamlessly.
Credit Rating of PNB Housing Finance
|Fixed Deposits||CARE AAA
FAAA with stable outlook by CRISIL
|Bonds/NCDs||CARE AAA, IND AAA/RWN with stable outlook by India Ratings (Fitch Group), CRISIL AA+ with Stable outlook and ICRA AA+|
|Bank Loans Long Term Rating||CARE AAA
CRISIL AA+ (Outlook – stable)
|Commercial Paper Program||CARE A1+
PNB Housing provides housing loans to individuals and corporate bodies for purchase, construction, repair and upgradation of houses. It also contributes loans for commercial space, loan against property and loan for purchase of residential plots.