PNB Housing Finance’s board approved the proposal of raising of funds by way of public issue of secured and/or unsecured Non-Convertible Debentures (NCDs), for an amount up to Rs 10,000 crore, in one or more tranches. The Board of Directors of the company at their meeting held on June 26, 2018, approved the same.
PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.