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 25.30% increase in consolidated net profit for the quarter ending March 31, 2025. The profit after tax reached ₹550.38 crore in Q4 FY25, compared to ₹439.25 crore for the same quarter in the previous fiscal year, according to a BSE filing. The company’s consolidated total income for Q4 FY25 amounted to ₹2,036.78 crore, reflecting a 12.28% growth from ₹1,813.97 crore during the same period last year. Girish Kousgi, Managing Director & CEO, stated, “Our retail loan assets grew by 18.2% year-on-year, reaching ₹74,802 crore as of March 31, 2025, driven by growth…
Swedish fund EQT has successfully acquired Niwas Housing Finance Limited, previously known as Indostar Home Finance, from IndoStar Capital Finance Limited, as stated by the company. EQT plans to invest ₹500 crore (approximately $58 million) to fuel Niwas’s geographic expansion and enhance its digital capabilities. Established in 2017, Niwas offers affordable mortgage solutions to retail customers in tier 2 to tier 4 cities across India and has assisted over 47,000 low-income homeowners and small enterprises. As of March 31, 2025, Niwas boasts assets under management exceeding ₹3,000 crore, which consists of granular, retail, and secured loans. K.R. Kamath, Chairperson of…
Representative Image NEW DELHI: Capital India Home Loans (CIHL), the key subsidiary of Capital India Finance (CIFL), a non-banking financial company (NBFC), has secured the Reserve Bank of India’s (RBI) approval for its acquisition and change in control by Weaver Services. The transaction is valued at ₹267 crore for 100% equity shares of CIHL. In October 2024, the decision was made to divest its entire stake in the company’s main subsidiary. Subsequently, CIHL submitted an application to the RBI for approval regarding Weaver Services’ acquisition and control change. “Capital India Finance is currently undergoing strategic consolidation, focusing on strengthening its…