PNB Housing Finance Limited (PNBHFL) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNBHFL is a subsidiary of Punjab National Bank (PNB), which holds 51% of share capital in the Company.
In December, 2009, it entered into a strategic financial partnership with Destimoney Enterprises Private Limited (DEPL). In February 2015, DEPL’s majority shareholder Destimoney Enterprises Limited has sold its entire shareholding to Quality Investments Holdings, which is owned by Carlyle Group, a global investment firm.
With over two decades of specialised experience in housing finance, PNBHFL has a robust network of branches spread across the country which help its customers avail financial services (loans and deposits) seamlessly.
Credit Rating of PNB Housing Finance
|Fixed Deposits||FAAA/Stable by CRISIL
AAA by CARE Ratings
|Bonds/NCDs||ICRA AAA, CARE AAA, IND AAA with stable outlook by India Ratings (Fitch Group) & CRISIL AA+ (Positive Outlook)|
|Bank Loans Long Term Rating||CARE AAA|
|Commercial Paper Program||CARE A1+|
PNBHFL provides housing loans to individuals and corporate bodies for construction, purchase, repair and upgradation of houses. It also provides loans for commercial space, loan against property and loan for purchase of residential plots.