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Branch of Punjab National Bank at ECE house in Connaught Place. Pradeep Gaur/Mint
Branch of Punjab National Bank at ECE house in Connaught Place. Pradeep Gaur/Mint

PNB Housing Fin obtains refinance sanction of 3,500 cr from NHB

PNB Housing Finance is engaged in the business of providing loans for purchase or construction of residential houses

New Delhi: PNB Housing Finance Monday said it has obtained refinance sanction of 3,500 crore from the National Housing Bank (NHB) in October 2018.“The funds will be utilised for the specific sector wise disbursements/ end uses as per norms of the respective NHB refinance schemes," PNB Housing Finance said in a regulatory filing.

PNB Housing Finance Managing Director Sanjaya Gupta said the fresh sanction of 3,500 crore will strengthen the company’s liquidity and also help in boosting the economic growth. The company had also raised a total of 4,225 crore through commercial papers (CP) last month.

PNB Housing Finance is engaged in the business of providing loans for purchase or construction of residential houses.

Shares of PNB Housing Finance were trading 3.90 per cent higher at 965 apiece on BSE.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed)

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