PNB Housing Finance Rights Issue Details 2023

PNB Housing Finance Limited was incorporated in Nov 1988. They have been operating in the Indian housing finance industry for over three decades through their pan-India network. The portfolio of products primarily consists of retail loans, which include a range of individual housing loans, loans against property, and non-residential premises loans. Their portfolio also includes corporate loans (construction finance, lease rental discounting and corporate term loans). Its promoter is Punjab National Bank (PNB), a nationalised bank and financial institution engaged in the business of providing a range of banking and financial services in India.

PNB Housing Finance provides its customers with an omni-channel platform to avail their product offerings through its branches, outreach centres, decision-making hubs, contact centres and channel partners, each of which are integrated with our online channel that includes their website and mobile application. Digitisation and innovation remain at the forefront of their evolution as a digital solutions service provider in the housing finance industry, and to support our growing retail lending portfolio. They aim to optimise their operating model through strategic digital interventions and a customer-friendly, tech-enabled and cost-efficient approach, which they believe is central to the diverse product portfolio that they offer to their customers.

They have targeted both the salaried and self-employed segments in our overall retail business, focusing specifically on the salaried segment for home loans, and on the self-employed segment for loans against property. To broaden our customer reach, they have also entered into co-lending partnerships with banks. Under these arrangements, as the front-ending lender, they believe that offer cost-efficient distribution and quality underwriting of loans.