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PNB Housing Finance Board Clears ₹5,000 Crore NCD Plan After Strong Q1 FY26 Results

PNB Housing Finance to raise up to ₹5,000 crore via NCDs after reporting a 23% YoY rise in Q1 FY26 net profit.
Indian Masterminds Stories

Mumbai: PNB Housing Finance Limited has announced that its Board of Directors has approved raising up to ₹5,000 crore through non-convertible debentures (NCDs). The funds will be raised on a private placement basis to strengthen the company’s financial resources and support its lending and expansion plans.

Board Approval for Fundraising

The decision was taken during a recent board meeting. PNB Housing Finance confirmed that the NCDs will be issued in one or more tranches, with or without a green shoe option. The move is aimed at diversifying funding sources while reinforcing the company’s balance sheet for future growth.

Focus on Lending and Expansion

PNB Housing Finance is a registered deposit-taking housing finance company with the National Housing Bank (NHB). Its business model emphasizes retail home loans, catering largely to the organized mass housing segment. In addition, the company offers loans against property and financing for non-residential property purchases and construction.

Strong Q1 FY26 Performance

The fundraising plan follows a robust performance in the first quarter of FY26. The company posted a net profit of ₹534 crore, marking a 23% year-on-year (YoY) increase, though slightly down 3% quarter-on-quarter (QoQ).

Net interest income (NII) rose 17% YoY and 4% QoQ to ₹760 crore. The net interest margin (NIM) stood at 3.74%, marginally lower than the previous quarter’s 3.75% but higher than the 3.65% recorded in the same quarter last year.

Market Response

Following the announcement, PNB Housing Finance’s stock gained 1.21% on the Bombay Stock Exchange (BSE), closing at ₹791.80. The positive market response reflects investor confidence in the company’s financial strategy and growth outlook.

About PNB Housing Finance

PNB Housing Finance Limited, promoted by Punjab National Bank, is among India’s leading housing finance companies. With a focus on retail housing loans and property-based financing, it plays a key role in enabling affordable housing and supporting the real estate ecosystem. Registered with the National Housing Bank, the company continues to strengthen its market position with innovative products and prudent financial management.

Also Read: PNB Housing Finance Appoints D. Surendran as Non-Executive Nominee Director; Brings 35 Years of Banking Experience


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