36th Annual Report 2023-24
Ready for
the next leap
In FY24, PNB Housing Finance made significant progress in parameters such as loan growth, asset quality, liability mix, liquidity, credit rating and profitability.
Just as birds migrate in response to inclement weather, we at PNB Housing Finance adapted our strategies to navigate both internal and external challenges. We shifted our focus to the retail sector, reduced our corporate exposure, invested in digitalisation to enhance our internal processes and created a superior customer journey.
A year of growth
`17,583 crore
Disbursements
17.5%
`65,358 crore
Loan asset
10.3%
`71,243 crore
AUM
6.9%
`17,798 crore
Deposits
Public 88% | ICD 12%
1.50%
GNPA
233 bps
0.95%
NNPA
181 bps
`2,516 crore
Net interest income
7.3%
2.20%
Return on assets
59 bps
10.90%
Return on equity
92 bps
3.68X
Gearing
29.26%
Capital adequacy ratio
Tier I 27.90% | Tier II 1.36%
`577*
Book value per share
*Post Rights Issue
YoY growth YoY decline
Redefined resilience for long-term growth
Evolving with excellence
High altitude flying bird
The bar-headed goose belongs to the Anatidae family. Primarily found in Central Asia, the barheaded goose moves towards Tibet, Mongolia, and Western China during summer months for breeding. They are known for undertaking one of the most challenging migrations, flying over the towering peaks of the Himalayas in order to reach their breeding region in Central Asia and wintering sites in South Asia. They can soar at altitudes of up to 7,000 meters (23,000 feet), enduring low oxygen levels and freezing temperatures.
Symbolising adaptability
Exemplifying the same spirit of adaptability, we, at PNB Housing Finance, are committed to adjusting our strategies and enhancing our offerings.
Did you Know?
90 kph
Flying speed of a bar-headed goose without wind assistance
Repeating success with precision
The Great Pink Voyage
Flamingos, the vibrant pink migratory bird, are known for travelling in large flocks usually in thousands. As winter approaches, these giant birds move out of their breeding regions in Africa, Southern Europe, and South Asia in search of warmth. They are known for their innate sense of direction as they cross thousands of kilometers each year, even sometimes travelling during the night to avoid predators and conserve energy.
In sync with teamwork
A parallel target-oriented story is also reflected in the core values of PNB Housing Finance as we work tirelessly to achieve our objectives and deliver the best results to our stakeholders.
Did you Know?
Flamingos are commonly spotted in Indian regions including the Rann of Kutch in Gujarat, the Pulicat Lake in Andhra Pradesh and Tamil Nadu, and the Chilika Lake in Odisha, among other locations.
Performance metrics
Demonstrating
excellence
1 Retail segment contributed to 99% of the total loan disbursement in FY24
2 Retail segment contributed to 97% of the total AUM in FY24, whereas corporate segment contributed to 3%
* Principal outstanding including principal overdue
^ Indicates dates as on 31st March
