At the end of FY25, the lender’s asset quality has improved to 1.08%, compared to 1.5% a year earlier. The goal for this year is to reduce the gross non-performing assets (NPA) to below 1%.
NEW DELHI: PNB Housing Finance has reported a 23.83% increase in net consolidated growth for the quarter ending September 30, 2025. The profit after tax stood at ₹581.59 crore in Q2 FY26, up from ₹469.68 crore in the same quarter last fiscal year, according to a BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹2,130.60 crore, reflecting a year-on-year growth of 13.35% from ₹1,879.66 crore in the same quarter last year. Jatul Anand, executive director of PNB Housing Finance, stated, “Despite facing challenges from leadership transitions, we’ve shown robust performance across key metrics this quarter. Our…
MUMBAI: Advent International, a leading private equity firm, has announced its intention to invest ₹2,750 crore for a 14.3% stake in Aditya Birla Housing Finance (ABHF), as revealed by both companies on Tuesday. ABHF is a wholly-owned subsidiary of Aditya Birla Capital (ABC), which serves as the financial services arm of the diversified Aditya Birla Group. The investment will be made by Indriya, an Advent entity, through a primary share issuance, according to an official statement. The boards of ABC and ABHF have given their approval for the capital raise, with the transaction pending approval from shareholders, regulatory bodies, and…
MUMBAI: PNB Housing Finance, the third-largest housing finance company in India, has shortlisted four candidates for the role of managing director and CEO. Ajai Shukla, chief business officer at Tata Capital Housing Finance, is reportedly the leading candidate, according to sources familiar with the situation. The other contenders include Jatul Anand, executive director at PNB Housing Finance; Sachinder Bhinder, MD & CEO of Aavas Financiers; and Rajan Suri, chief business officer at Aditya Birla Housing Finance. These names have been submitted to the Reserve Bank of India (RBI) and the National Housing Bank (NHB) for consideration, as regulatory approval is…