PNB Housing Finance, incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 8959.55 Crore) operating in NBFC sector.

Motilal Oswal recommended Neutral rating on PNB Housing Finance with a target price of Rs 600 in its research report dated January 25, 2023.

Stocks that were in focus include names like Usha Martin which closed with gains of over 7%, PNB Housing which rallied more than 7%, and Jindal Stainless which closed with gains of nearly 6% on Monday.

The private lender, Yes Bank, has concluded assignment of the Rs 48,000-crore stressed asset loan portfolio of the bank to JC Flowers Asset Reconstruction company.

The stock has an ascending triangle breakout.

PNB Housing: Buy | Target Rs 507 | Stop Loss Rs 455 | The stock has an ascending triangle breakout.

RBL Bank shares rallied 6 percent to Rs 167.55 and formed big bullish candle on the daily charts with above average volumes, making higher highs higher lows for second consecutive session. The stock has seen a nice and decisive breakout of horizontal resistance trend line in the gap up opening on Wednesday.

PNB Housing Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities for the year ending 31-Mar-2022.

Shares of India's second-largest mortgage lender declined 9% on the NSE to close at ₹364.55. More than 37.5 million shares exchanged hands on the BSE and NSE compared with a combined average daily volume of 2.4 million shares in the previous month.

The retail segment loan book stood at Rs 52,124 crore, constituting 90 per cent of its overall loan book.The company's gross non-performing assets (GNPA) at the end of Q2 FY23 stood at 6.06 per cent. While the retail sector GNPA was at 3.39 per cent, that of the corporate book stood at 30.37 per cent.

Motilal Oswal recommended Neutral rating on PNB Housing Finance with a target price of Rs 500 in its research report dated October 28, 2022.

Global brokerage firm UBS maintained a buy rating on MCX, JP Morgan remained neutral on Tata Consumer, BofA maintained an underperform rating on PNB Housing and Goldman Sachs recommended a buy call on Maruti Suzuki.

​​In an exclusive interview with ETs Atmadip Ray, Goel said that the bank is capital ready to lap up the growth opportunities going forward. He said that the revival of the economy along with focused recovery initiatives would help the lender to reduce NPA to single digit and improve net interest margin to 2.9%.

Mithani, who was serving as the interim Chief Financial Officer and Key Managerial Personnel of the company, has been relieved from the responsibilities with effect from August 23, 2022.

Mithani, who was serving as the interim Chief Financial Officer and Key Managerial Personnel of the company, has been relieved from the responsibilities with effect from August 23, 2022.

After this rate hike, investors could earn as much as 8.25% from a Shriram Transport deposit, 7.05% from an HDFC deposit and 7.25% from a PNB Housing Finance deposit. This is the fourth time that industry leader HDFC has hiked rates since May 2022.

After this rate hike, investors could earn as much as 8.25% from a Shriram Transport deposit, 7.05% from an HDFC deposit and 7.25% from a PNB Housing Finance deposit. This is the fourth time that industry leader HDFC has hiked rates since May 2022.

The Punjab National Bank-promoted housing finance company (HFC) presently has a corporate loan book size of Rs 6,006 crore which may come down further by Rs 1,000 crore by December, Hardayal Prasad, the Managing Director and Chief Executive Officer of PNB Housing Finance, said.

"Post rights issue, the holding of the bank would come down below 30% but would be higher than 26% so that the bank retains promoter status," chief executive AK Goel said. The state-owned bank currently holds a 32% stake in the housing finance firm.

Its loan assets portfolio shrank to Rs 56,301 crore at the end of June from Rs 60,438 crore a year back and from Rs 56,889 crore at the end of last fiscal, on account of sell down and accelerated payments in relation to corporate book. Its retail loan assets also saw a mere 1.7% year-on-year rise to Rs 50,295 crore.

The order came after PNB Housing Finance along with its directors approached Sebi proposing to settle the alleged violations of LODR (Listing Obligations and Disclosure Requirement) rules in Carlye Group case "without admitting or denying the findings" through a settlement order.

In FY22, PNB Housing Finance disbursed Rs 11,246 crore loans, reflecting an annual growth of 8 per cent. The housing finance company said it will continue to build its affordable housing portfolio, and has opened as many as 24 locations during the year to enhance Unnati loans. Citing a report from Crisil, the company said the real estate demand is likely to grow modestly at 5-10 per cent during FY23 to FY24.

Fixed deposits of finance companies are popular among small savers, mainly retirees, who want simple products and regular income from their savings. Retail investors, who have seen their returns from equity come under pressure of late, could also consider these products as interest rates firm up. These deposits offer 175-300-basis points higher interest than that of a large bank.

The board of directors held a meeting on June 14, 2022 and approved issuance of non-convertible debentures aggregating up to Rs 2,000 crore on private placement basis, PNB Housing Finance said in a regulatory filing.

The public sector bank board has approved the bank's participation in the proposed rights issue for an amount up to 500 crore in order to retain the bank's shareholding in the mortgage lender at 30% or below but above 26%.

Distributors believe investors should spread their fixed deposits using a mix of short-tenure and long-tenure deposits to make the most of a series of rate hikes expected in the next 12-15 months. Over the last month, all deposit-taking companies have been slowly increasing their fixed deposit rates as they seek to attract investor money.

Distributors believe investors should spread their fixed deposits using a mix of short-tenure and long-tenure deposits to make the most of a series of rate hikes expected in the next 12-15 months. Over the last month, all deposit-taking companies have been slowly increasing their fixed deposit rates as they seek to attract investor money.

The project will help about 200 homebuyers, who were stuck since 2004. The lenders, that have taken over the 19-acre land from Vipul due to default on payments, restructured Rs 412 crore debt and transferred the project to Tulip Infratech. ET had reported about the transaction in March 2021.

NTPC, Thermax, Paytm, Zydus Lifesciences, Indigo Paints, IRFC, Pfizer, Metro Brands, Narayana Hrudayalaya, Nuvoco Vistas, Sobha, IDFC, Amaja Raja Batteries and CE Info Systems are among the companies which will announce their earnings today.

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