Individual house loans, loans secured by property, and loans for non-residential property are only a few of the housing and non-housing loans that PNB Housing Finance provides to retail consumers.
Financial Results:
PNB Housing Finance Ltd.’s net interest income in Q3FY23 rose 67% to ₹ 734 crores. Consolidated Profit After Tax came at ₹ 269 crores showcasing a 43% rise YoY over the corresponding period.
The total loan book climbed from Rs. 57,845 crores in Q3FY22 to Rs. 58,034 crores. Its net interest margin (NIM) increased to 4.68% from 4.14% thanks to a spread on loans of 3.83%, up from 3.38%.
The gross NPA ratio decreased from 6.06 to 4.87%, and the net NPA ratio stayed constant at 3.22%, indicating an overall improvement in asset quality.