PNB HOUSING FINANCE (PNBHF) plans to transform from a prime housing financier into a lender that offers a wide bouquet of mortgage products across cohorts of product and customer profiles. In addition to its existing affordable housing loans (Roshni) vertical, it will also enter the emerging market vertical from FY25. The company has restructured its business model and prioritised the retail segment by reducing corporate loans in the overall loan mix to 4% in Dec'23 from 21% in Mar'20, through down-selling, recoveries, and ARC sales.
All the three Credit Rating Agencies (CRA) - India Ratings, ICRA and CARE - have upgraded PNB Housing to AA+ within the last three months. This credit rating upgrade can help PNB Housing reduce its cost of borrowings by 20-25bps.
Diese Geschichte stammt aus der April 16, 2024-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der April 16, 2024-Ausgabe von Financial Express Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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