PNB Housing Finance Ltd Share Price – NSE  / BSE

Finance, Small Cap

PNB Housing Finance has allotted 24,500 Listed, Secured, Rated, Taxable, Redeemable Non-Convertible Debentures of the face value of Rs. 1,00,000 each, aggregating to Rs. 245 crore, through private placement.

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PNB Housing Finance announced a credit rating upgrade from India Ratings on its Non-Convertible Debentures (NCDs) and Bank Loans from 'IND AA+' to 'IND AAA' with a Stable Outlook. The rating rationale highlights the Company's proven track record across key business parameters, its consistent improvement in profitability and asset quality, along with granularization of the loan book, thereby reducing concentration risks. It also acknowledges Punjab National Bank's strategic stake in PNB Housing and its shared legacy, thus reinforcing confidence in the Company's long-term stability.

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India Ratings and Research stated that the upgrade reflects the agency?s expectation of PNB Housing Finance (PNBHF) receiving timely support in terms of liquidity and equity from Punjab National Bank (PNB), with PNB maintaining its stake in PNBHF and sharing the brand name.

The rating also reflects PNBHF?s position among India?s top housing financiers, having seen multiple business cycles.

Moreover, PNBHF has demonstrated consistent improvement in profitability and asset quality and has achieved granularisation of the loan book. It has raised funding at competitive rates and maintained adequate liquidity buffers.

India Ratings expects the entity?s credit cost to remain modest in the near to medium, given the tightened underwriting norms and retail & granular nature of its loan book.

However, the performance of its affordable housing finance portfolio, which is at a nascent stage with high growth, remains a monitorable.

PNBHF is a deposit-accepting housing finance company registered under NHB and the Companies Act, 1956. It provides housing loans to individuals for the purchase, construction, repair, and upgrade of houses. It also provides loans against property, loans for commercial property, and loans for purchase of residential plots, and real estate development loans. PNBHF has 356 branches/outreaches mainly located across metro, Tier I and Tier II cities across India. It had dedicated 198 branches for affordable business as on 30 September 2025.

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PNB Housing Finance announced that India Ratings and Research has upgraded rating of company's non-convertible debentures (NCDs) and bank loans from 'IND AA+' to 'IND AAA' with stable outlook and rated additional NCDs.

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