PNB Housing
PNB Housing Finance Limited is a registered housing finance company with National Housing Bank. PNB Housing is a subsidiary of Punjab National Bank, which holds 51% of share capital in the Company.
Sanjay Gupta is Managing Director of PNB Housing Finance. PNB Housing Finance deals in giving Home and non-home loans to Indian retail borrowers and real estate developers. PNB Housing has strategically well balanced Pan India presence with 14 offices in North, 9 in West and 10 in south to catalyst future growth. The company has Pan India presence in more than 40 locations through a network of 48 branches. The company provides doorstep service for its products via Direct Sales Team channel, Direct Marketing Associates and Digital Medium. Shareholding break-up between Punjab National Bank which holds 51% and Quality Investments Holding which holds 49%.
Financials
- Asset Disbursement have increased at a healthy rate of 76% from 1508 crore in 2012 to 14456 crore in 2016.
- Asset Under Management have increased steadily at 62% from 3970 crore in 2012 to 27555 crore in 2016.
- Gross and Net NPA of the company has come down to 0.22% and 0.14% which is lowest in the industry.
- PAT of the company has increased from 77 crore in 2012 to 326 crore in 2016, a growth of 43%.
PNB housing is planning to come up with IPO of 2500 crore in November 2016 with an objective for expansion.
The company also plans to increase marketing spend to enhance brand visibility among potential customers in India.
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