PNB Housing Finance Maintains Retail Book Growth Forecast at 17-18% and NIM Guidance at 3.6-3.7%

PNB Housing Finance has maintained its key financial guidance during a recent conference call, reaffirming its commitment to previously announced growth targets and margin expectations.

Retail Book Growth Guidance

The housing finance company has kept its retail book growth forecast unchanged at 17-18%. This guidance reflects the company's expectations for expansion in its core retail lending business, which forms a significant portion of its overall loan portfolio.

Net Interest Margin Outlook

PNB Housing Finance has maintained its Net Interest Margin (NIM) guidance at 3.6-3.7%. The NIM range indicates the company's projected spread between interest earned on loans and interest paid on deposits and borrowings.

Financial Metric	Guidance Range
Retail Book Growth	17-18%
Net Interest Margin (NIM)	3.6-3.7%

Management Commentary

The reaffirmation of these guidance figures during the conference call suggests management confidence in the company's ability to achieve these targets. The steady guidance indicates that the company sees no significant changes in market conditions or internal factors that would necessitate revising these projections.

The maintained guidance provides stakeholders with continued visibility into the company's expected financial performance trajectory, particularly in its core retail lending operations and profitability margins.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-7.68%	-11.89%	-7.41%	-20.77%	-4.39%	+179.53%

PNB Housing Finance Limited has disclosed a significant fraud case involving borrower M/s. Sarv Realtors Private Limited, with the fraudulent amount totaling ₹237.43 crores. The company made this disclosure to stock exchanges in compliance with SEBI regulations on January 21, 2025.

Fraud Details and Financial Impact

The housing finance company identified and declared the fraud following applicable regulatory processes. The case has been duly reported to the National Housing Bank, the sector regulator, as required under regulatory guidelines.

Parameter	Details
Borrower Name	M/s. Sarv Realtors Private Limited
Fraud Amount	₹237.43 Crores
Account Status	Already written-off in FY 2022-23
Financial Impact	No material impact on current operations

Regulatory Compliance and Disclosure

PNB Housing Finance submitted the intimation under Regulation 30 and 51 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure was made simultaneously to both BSE Limited and National Stock Exchange of India Limited through official communication from Company Secretary Veena G Kamath.

The company emphasized that since the account was already written-off in FY 2022-23, there is no material impact on the overall financials and operations of the company. This prior write-off suggests the company had already recognized the potential loss in its financial statements during the previous fiscal year.

Legal Action and Recovery Efforts

PNB Housing Finance Limited has confirmed that it is pursuing appropriate legal action against the fraudulent borrower. The company is taking necessary steps to recover the dues and protect its interests through legal channels. The fraud case represents part of the ongoing challenges faced by housing finance companies in managing credit risks and borrower defaults.

The disclosure demonstrates the company's commitment to transparency and regulatory compliance, ensuring stakeholders are informed about material developments that could impact the organization's operations and financial standing.