- August 7, 2022
- Posted by: Bastion team
- Category: World News
Hardayal Prasad, the Managing Director and Chief Executive Officer of PNB Housing Finance, has said that a ₹2,500-crore rights issue in the pipeline and healthy CRAR may provide a scope to the housing finance company to re-enter the high-yielding corporate loans that it stopped two years back.
State-owned Punjab National Bank-promoted housing finance company (HFC) currently has a corporate loan book size of ₹6,006 crore, which may come down further by ₹1,000 crore, by the year-end, the MD and CEO of PNB Housing Finance said.
The loan book shrinked by 45% in…
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