Mumbai (Maharashtra) [India], July 16 (ANI): The overall residential demand is expected to decline by over 25 per cent year-on-year in the current financial year FY21 due to ongoing COVID-19 pandemic after registering a fall of 5 per cent in FY20, according to India Ratings and Research (Ind
New Delhi [India], July 10 (ANI): Government-owned Punjab National Bank (PNB) has reported a fraud of Rs 3,688.58 crore in the non-performing asset (NPA) account of non-banking financial company Dewan Housing Finance Ltd (DHFL) which is in bankruptcy proceedings.
Mumbai (Maharashtra) [India], July 1 (ANI): The Reserve Bank of India (RBI) on Wednesday said the Centre has approved a scheme to improve the liquidity position of non-banking finance companies (NBFCs) and Housing Finance Companies (HFCs) through a Special Purpose Vehicle (SPV) to avoid any
New Delhi [India], June 26 (ANI): Nearly 30 per cent of housing finance companies (HFCs) portfolio is under moratorium and their gross non-performing assets (GNPAs) are likely to increase to 2.5 to 3 per cent in FY21, rating agency ICRA said on Friday.
New Delhi [India], May 20 (ANI): The Union Cabinet, which met here on Wednesday under the chairmanship of Prime Minister Narendra Modi, gave approval to the Finance Ministry to launch a new Special Liquidity Scheme for non-banking financial companies (NBFCs) and housing finance companies
New Delhi [India], May 13 (ANI): Finance Minister Nirmala Sitharaman on Wednesday announced a Rs 30,000 crore special liquidity scheme for non-banking finance companies (NBFCs), housing finance companies (HFCs) and micro-finance institutions (MFIs).
New Delhi [India], May 6 (ANI): PNB Housing Finance Ltd (PNBHFL) on Wednesday signed a memorandum of understanding with Indian Institute of Technology (IIT) Delhi to support critical research and development of a unique prototype material to be used in manufacturing washable and reusable per
New Delhi [India], May 1 (ANI): PNB Housing Finance said on Friday that Crisil has re-affirmed credit rating of its bank borrowing and non-convertible debentures (NCDs) at AA and fixed deposits at AA-plus.
New Delhi [India], April 29 (ANI) PNB Housing Finance's Managing Director and CEO Sanjaya Gupta has resigned from his post, less than a week before his term was scheduled to end on May 4.
New Delhi [India], April 7 (ANI): PNB Housing Finance has signed an agreement with Japan International Cooperation Agency (JICA) to raise 75 million dollars (about Rs 568 crore) with co-financing of 25 million dollars (about Rs 190 crore) by Citibank to finance mortgage loans in the affordab