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Latest news about PNB Housing Finance

PNB Housing Finance Seeks Shareholder Approval for Appointment of D. Surendran as Nominee Director 5 days ago

PNB Housing Finance Limited has initiated a postal ballot to appoint Mr. D. Surendran as a Nominee Non-Executive Director. Surendran, nominated by Punjab National Bank, brings 35 years of banking experience. The proposed appointment is for a term not exceeding five years. Shareholders can vote electronically through NSDL from October 15 to November 13, 2025. Upon appointment, Surendran will join four board committees including Nomination and Remuneration, Corporate Social Responsibility, Risk Management, and Stakeholders Relationship.

PNB Housing Finance to Announce New CEO Within Two Weeks Sep 17, 2025

PNB Housing Finance Secures Approval for ₹50,000 Crore NCD Issuance Sep 05, 2025

PNB Housing Finance Board to Consider ₹5,000 Crore NCD Fundraising Aug 29, 2025

PNB Housing Finance Appoints Banking Veteran D. Surendran as Non-Executive Nominee Director Aug 23, 2025

More news about PNB Housing Finance

22Aug 25

PNB Housing Finance Approves INR 5 Dividend, Authorizes Rs 10,000 Crore Debt Issuance at AGM

PNB Housing Finance's 37th AGM approved key resolutions including a dividend of INR 5.00 per share, reappointment of Mr. Dilip Kumar Jain as non-executive nominee Director, and appointment of M/s. Vinod Kothari & Company as Secretarial Auditor. The Board was authorized to issue NCDs up to Rs 10,000 crore. Shareholders approved changes to allow unsecured lending and material related party transactions with Punjab National Bank and PNB Gilts Limited.

19Aug 25

PNB Housing Finance Sees Rs. 67.27 Crore Block Trade on NSE

PNB Housing Finance Ltd. experienced a significant block trade on the National Stock Exchange. The transaction involved 823,669 shares, valued at approximately Rs. 67.27 crore, executed at Rs. 816.75 per share. While the parties involved remain undisclosed, such large trades can potentially influence market sentiment and trading patterns.

09Aug 25

PNB Housing Finance Addresses Leadership Transition Amid Strong Financial Performance

PNB Housing Finance announced the resignation of Managing Director and CEO Girish Kousgi, effective October 28, 2025. The company reported strong financial metrics with a gross NPA of 1.06%, net NPA of 0.69%, and a capital adequacy ratio of 28.70%. PNB Housing Finance maintains a 99% retail focus in its loan assets and guides for 18% loan book growth. The company remains committed to its growth strategy in retail lending, affordable housing, and technology-driven operations. A search for a new CEO is underway, considering both internal and external candidates.

06Aug 25

GIC Private Limited Trims Stake in PNB Housing Finance to 3.23%

GIC Private Limited, representing the Government of Singapore (GOS) and Monetary Authority of Singapore (MAS), has decreased its stake in PNB Housing Finance from 3.857% to 3.231%. The reduction involved selling 1,630,002 equity shares in the open market on August 4. GOS now holds 2.693% of the company, while MAS retains 0.538%. This move follows a gradual reduction from GIC's previous 5.388% stake as of July 30.

05Aug 25

PNB Housing Finance Initiates CEO Search as Girish Kousgi Steps Down

PNB Housing Finance is searching for a new Managing Director and CEO following Girish Kousgi's resignation. Jatul Anand, recently promoted to Executive Director, will serve as interim head. Valli Sekar has been appointed as Chief Business Officer for the affordable business segment. The company's stock price declined by 3.64% to ₹778.65 in the latest trading session, following a 17% drop after the initial resignation announcement. PNB Housing Finance held an investors' call on August 4, 2025, to address the transition.

04Aug 25

PNB Housing Finance Shares Plummet 17% on CEO Resignation, Triggering F&O Ban

PNB Housing Finance's shares dropped 17% in a single day, marking the steepest decline in over four and a half years, following the unexpected resignation of MD and CEO Girish Kousgi. The stock entered F&O ban as market-wide position limit exceeded 95%. Trading volumes surged to over 3.2 crore shares, far above the 20-day average. Punjab National Bank confirmed Kousgi's resignation was for personal reasons and announced the search for a new MD & CEO would focus on external candidates. The stock closed at ₹811.15, turning negative for the year with an 11% decline.

03Aug 25

PNB Housing Finance Announces Major Leadership Changes Amid CEO Resignation

PNB Housing Finance's CEO Girish Kousgi has resigned, effective October 28, 2025. The company has appointed Jatul Anand as Executive Director for Prime and Emerging Business, and Valli Sekar as Chief Business Officer for the Affordable Business vertical, both effective August 2, 2025. Anand, with 22 years of financial sector experience, will oversee Sales, Credit, Product, and Collections in his segment. Sekar, with 25 years of experience, will manage the same areas in the affordable housing segment.

02Aug 25

PNB Housing Finance Bolsters Leadership with Key Executive Appointments

PNB Housing Finance has made two strategic appointments effective August 02, 2025. Jatul Anand, previously Chief Credit & Collections Officer, has been elevated to Executive Director (not a board member), overseeing 'Prime and Emerging' Business operations. Valli Sekar has been appointed as Chief Business Officer - Affordable Business, responsible for leading the company's affordable business segment. These appointments aim to strengthen the company's position across various business segments in India's housing finance sector.

01Aug 25

PNB Housing Finance CEO Girish Kousgi Steps Down, Citing External Opportunities

Girish Kousgi, Managing Director and CEO of PNB Housing Finance Limited, has submitted his resignation to pursue opportunities outside the organization. His resignation, effective October 28, 2025, was accepted by the Board of Directors. Kousgi will also step down from his positions on the boards of PNB Housing's subsidiaries. The company has not yet announced a successor, and Kousgi has committed to ensuring a smooth transition during the approximately 90-day notice period.

01Aug 25

PNB Housing Finance Sees Rs 150 Crore Block Trade Amid Leadership Change

PNB Housing Finance experienced a significant block trade on the National Stock Exchange, with 1,798,521 shares traded at Rs 834.00 per share, totaling approximately Rs 150.00 crore. Simultaneously, the company announced the resignation of its Managing Director and CEO, Girish Kousgi, effective October 28, 2025. Kousgi will continue in his role until then to ensure a smooth transition. The company's Board has accepted the resignation and will initiate a search for a new leader, emphasizing that strategic priorities and growth trajectory remain intact.

01Aug 25

PNB Housing Finance Schedules Investor Call Following MD & CEO Resignation

PNB Housing Finance experienced a significant block trade on NSE worth Rs 100.61 crores, with 1,200,179 shares traded at Rs 838.30 per share. CEO Girish Kousgi has resigned due to personal reasons, effective October 28, 2025. The company has scheduled an investor call on August 4, 2025, to address concerns. Punjab National Bank, holding over 28% stake, has no plans to increase its shareholding. The company has engaged an external HR firm to find a replacement CEO and remains committed to its strategic priorities and growth trajectory.

31Jul 25

PNB Housing Finance Reports Robust Q1 Performance; CEO Girish Kousgi to Step Down

PNB Housing Finance Limited (PNBHFL) reported robust Q1 results with 18.1% YoY growth in retail loan book to ₹76,923.00 crores. Net Interest Income increased 17% YoY to ₹760.00 crores, while PAT rose 23% YoY to ₹534.00 crores. The company showed improved asset quality with Gross NPA at 1.06%. PNBHFL focused on high-yielding segments, with significant growth in Affordable and Emerging Markets disbursements. Separately, Managing Director and CEO Girish Kousgi announced his resignation, effective October 28, 2025.

31Jul 25

PNB Housing Finance CEO Girish Kousgi Resigns After Transformative Tenure

Girish Kousgi, Managing Director and CEO of PNB Housing Finance Limited (PNBHFL), has resigned to pursue other opportunities. His resignation, effective October 28, 2025, was accepted by the Board on July 31, 2025. Kousgi served for nearly three years, during which PNBHFL underwent significant transformation. He expressed confidence in the management team's ability to handle the transition and committed to ensuring a smooth handover. The Board acknowledged Kousgi's contributions and leadership. PNBHFL recently reported strong Q1 FY'26 performance, including 18.1% year-on-year retail loan book growth and improved gross NPA of 1.06%.

30Jul 25

GIC Private Limited Reduces Stake in PNB Housing Finance to 5.388%

GIC Private Limited, acting for the Government of Singapore (GOS) and Monetary Authority of Singapore (MAS), has reduced its combined shareholding in PNB Housing Finance Limited from 5.484% to 5.388% through open market transactions on July 28, 2025. GOS sold 195,625 shares (0.075% reduction) and MAS sold 36,591 shares (0.014% reduction), totaling 232,216 shares (0.089% reduction). After the sale, GOS holds 4.493% and MAS holds 0.895% of the company.

23Jul 25

PNB Housing Finance Raises ₹400 Crore Through Secured Debentures

PNB Housing Finance Limited has successfully raised ₹400 crore by allotting 40,000 non-convertible debentures (NCDs) with a face value of ₹1 lakh each. The NCDs have a coupon rate of 7.4342% per annum and a tenure of 5 years, maturing on July 23, 2030. They will be secured by an exclusive charge on specific book debts and listed on the NSE's Wholesale Debt Market Segment. The company also announced the resignation of Chief Sales Officer, Mr. Dilip Vaitheeswaran, effective August 14, 2025.

22Jul 25

PNB Housing Finance Upgrades NIM Forecast for FY26, Reports Strong Q1 Performance

PNB Housing Finance Limited has announced an improved Net Interest Margin (NIM) forecast for FY26 during a conference call, following robust Q1 FY26 results. The company reported a 23% year-on-year increase in Net Profit After Tax to ₹534.00 crore, and a 17% growth in Net Interest Income to ₹760.00 crore. The NIM improved to 3.74% from 3.65% in Q1 FY25. Retail Loan Asset grew by 18% to ₹76,923.00 crore, with a focus on high-yielding segments like Affordable Housing and Emerging Markets. The company's GNPA improved to 1.06%, down from 1.35% a year ago.

22Jul 25

PNB Housing Finance Upgrades NIM Forecast for FY26, Reports Strong Q1 Performance

PNB Housing Finance has revised its Net Interest Margin (NIM) forecast upwards for FY26 following impressive Q1 results. The company reported a 23% year-on-year increase in consolidated net profit to ₹533.50 crore, with Net Interest Income growing by 17% to ₹760 crore. Asset quality improved with GNPA ratio decreasing to 1.06%. The loan book showed significant growth, particularly in the Affordable Housing segment with a 143% increase. Management expressed confidence in achieving stated guidance for the fiscal year.

21Jul 25

PNB Housing Finance Reports Strong Q1 FY26 Performance with 18% Growth in Retail Loans

PNB Housing Finance Limited announced robust Q1 FY26 results with 18% YoY growth in retail loan assets, reaching ₹76,923.00 crore. Affordable housing segment grew 143% YoY to ₹5,744.00 crore. Net profit increased 23% YoY to ₹534.00 crore. GNPA improved to 1.06% from 1.35% a year ago. The company expanded to 356 locations, focusing on high-yielding segments. Net Interest Margin improved to 3.74%, and Return on Assets rose to 2.57% annualized.

21Jul 25

PNB Housing Finance Reports 23% Jump in Q1 Net Profit, Reaches ₹5.33 Billion

PNB Housing Finance's Q1 consolidated net profit increased by 23% year-over-year to ₹5.33 billion. Total revenue grew by 13.9% to ₹20.76 billion. Interest income rose 13.9% to ₹1,980.35 crore. The company maintained a healthy asset quality with a GNPA ratio of 1.06% and NNPA ratio of 0.69%. Capital adequacy ratio stood strong at 29.68%. Management expressed satisfaction with the company's performance and focus on quality loan book growth.

02Jul 25

PNB Housing Finance: Board Recommends ₹10,000 Crore NCD Issuance and Reports Strong Q4 Results

PNB Housing Finance's Board has recommended issuing Non-Convertible Debentures (NCDs) worth up to ₹10,000 crore through private placement, subject to shareholder approval. The company reported impressive Q4 results with a 28% increase in net profit to ₹567.10 crore, 19.20% growth in Net Interest Income, and improved asset quality with Gross NPA at 1.08% and Net NPA at 0.69%. Assets Under Management grew to over ₹80,000 crore.

27Jun 25

PNB Housing Finance to Consider ₹10,000 Crore Fundraising via NCDs

PNB Housing Finance's board of directors will meet on July 2 to discuss raising up to ₹10,000 crore through Non-Convertible Debentures (NCDs). This potential fundraising could enhance the company's liquidity, support business expansion, and strengthen its market position in the Indian housing finance sector. The proposal is subject to board approval.

12May 25

PNB Housing Finance Unveils Fixed-Rate Non-Home Loan Product with Competitive Rates

PNB Housing Finance has introduced a new fixed-rate non-home loan product with interest rates starting from 10.00%. The product covers loan against property, commercial plot purchase, loan against plot, and lease rental discounting, with loan tenures up to 15 years. This move aims to provide borrowers with financial stability and predictable EMIs, catering to diverse financial needs and allowing for better long-term planning.

02May 25

Carlyle Group to Offload 10.44% Stake in PNB Housing Finance for $308 Million

Private equity firm Carlyle Group is divesting its entire 10.44% stake in PNB Housing Finance through a block trade valued at approximately $308 million. IIFL Capital Services is managing the transaction, with a floor price set at Rs 960 per share, representing a 5% discount to the April 30 closing price. This significant move is expected to attract institutional investors and potentially impact the stock's trading volume and price in the short term.

01May 25

Carlyle Group Set to Exit PNB Housing Finance with 10.4% Stake Sale

Carlyle Group plans to sell its entire 10.4% stake in PNB Housing Finance Limited through a block deal. The sale is scheduled for tomorrow, with IIFL Capital as the broker. The floor price is set at Rs 960.00 per share, a 5% discount to the current market price. This exit may lead to changes in PNB Housing Finance's ownership structure, market perception, and potentially its future strategy.

01May 25

Carlyle Group to Offload 10.44% Stake in PNB Housing Finance via Block Deal

Carlyle Group's entity, Quality Investment Holdings Pcc, plans to sell a 10.44% stake in PNB Housing Finance through block deals. The floor price is set at ₹960.00 per share, a 5% discount to the recent closing price. The total deal value is estimated at ₹2,603.90 crore. This significant ownership change could impact the company's stock performance and future strategic direction.

29Apr 25

PNB Housing Finance to Resume Project Financing Amid Strong Q4 Results

PNB Housing Finance reported robust Q4 FY2025 results with net profit rising to ₹550.38 crore from ₹439.25 crore year-over-year. The company announced plans to resume project financing, potentially boosting the real estate sector. For FY2025, net profit increased to ₹1,936.14 crore from ₹1,508.01 crore in FY2024. The Board recommended a final dividend of ₹5 per equity share. Key financial metrics improved, with net worth rising to ₹16,863.13 crore and EPS reaching ₹74.52 for FY2025.

29Apr 25

PNB Housing Finance: Q4 Profit Surge Drives Stock to Upper Circuit

PNB Housing Finance Limited reported a 28% year-on-year increase in standalone net profit to Rs 567.10 crore for FY25. Total income rose by 13% to Rs 2,045.30 crore. Q4 PAT grew 14% quarter-on-quarter to Rs 5.50 billion. High-yielding segments contributed 25% of retail assets and 40% of retail disbursements. The company saw provision write-backs and improved liability management. A final dividend of Rs 5.00 per share was declared. The stock surged 10.05% to Rs 1,085.00 following the results announcement.

28Apr 25

PNB Housing Finance: Q4 Profit Surges 28%, Dividend Announced

PNB Housing Finance Limited has reported strong financial results for Q4 and FY25. Net profit for FY25 increased by 28.4% to ₹1,936.00 crore. The company's loan asset crossed ₹75,000 crore, growing 16% YoY, while AUM surpassed ₹80,000 crore. Asset quality improved with GNPA declining to 1.08%. The retail loan segment saw significant growth, especially in affordable housing. The Board has approved a final dividend of ₹5.00 per equity share for FY25.

26Apr 25

PNB Housing Finance Sets Q4 Results Date, Considers Dividend

PNB Housing Finance will announce Q4 and FY 2024-25 results on April 28, 2025. The board will consider a final dividend declaration. An earnings call is scheduled for the same day at 17:30 IST. The trading window will be closed from April 1, 2025, until 48 hours after the results announcement.

02Apr 25

PNB Housing Finance's Affordable Housing Segment Hits Rs 5,000 Crore Milestone

PNB Housing Finance has achieved a significant milestone with its affordable housing book value reaching Rs 5,000 crore. This achievement underscores the company's expanding footprint in India's affordable housing sector, aligning with government initiatives for 'Housing for All'. The growth in this segment could potentially increase PNB Housing Finance's market share and drive future growth, given the high demand for affordable housing in India.

02Apr 25

PNB Housing Finance's Retail Loan Book Surges 18% YoY, Total Loan Book Exceeds Rs 75,000 Crore

PNB Housing Finance's retail loan segment grew by 18% year-over-year as of March 31, 2025. The company's total loan book exceeded ₹75,000 crore, marking a significant milestone. This growth is particularly strong in the affordable and emerging markets segment, reflecting the company's strategic focus on retail lending operations.

24Feb 25

PNB Housing Finance Approves Rs 2,500 Crore NCD Issuance Amid Strong Balance Sheet Growth

PNB Housing Finance's board has approved the issuance of non-convertible debentures (NCDs) worth up to Rs 2,500 crore. This decision comes as the company reports significant balance sheet growth, with total assets increasing by 8.33% to Rs 72,371.2 crore and total equity rising by 36.34% to Rs 14,932.4 crore year-over-year. The NCD issuance aims to support expansion plans, refinance existing debt, or enhance the loan portfolio, leveraging the company's strong financial position.