PNB Housing Finance Ltd Share Price – NSE  / BSE

Finance, Small Cap

Ajai Kumar Shukla, an MBA graduate, has more than 30 years of experience in the housing and mortgage lending sector. He has been working with TATA Capital Housing Finance for last 16 years. He is currently working with Tata Capital Housing Finance as the chief business officer. He has also headed credit, risk, valuation, digital transformation and affordable housing finance in TATA Capital

Prior to TATA Capital, he had worked with ICICI Bank in mortgage business for more than 7 years in various roles & responsibilities across various regions. Ajai had started his career with LIC Housing Finance and worked there for 7 years.

PNB Housing Finance is a deposit taking housing finance company registered with National Housing Bank (NHB). The company?s asset base comprises primarily of retail home loans. The retail business focuses on organized mass housing segment financing for acquisition or construction of houses. In addition, it also provides loans against property and loans for purchase & construction of non-residential premises.

The company?s consolidated net profit jumped 23.8% to Rs 581.59 crore on 13.4% increase in total income to Rs 2130.60 crore in Q2 Sept 2025 over Q2 Sept 2024.

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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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