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 PNBHFL
|Bank Loans Long Term Rating||CRISIL AA+ (Stable Outlook)|
|Bonds||CRISIL AA+ (Stable Outlook) & ICRA AA+ (Stable Outlook), CARE AAA|
|Commercial Paper Programme||CRISIL A1+|
|Fixed Deposits Programme||CRISIL FAAA (Stable Outlook)|
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.