PNB Housing Finance to re-enter corporate loans at appropriate time: CEO Hardayal Prasad

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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