PNB Housing Finance has received an approval to issue secured and unsecured non-convertible debentures (NCDs) aggregating up to an amount of Rs 10,000 crore in tranches. The Board of Directors of the company at their meeting held on October 24, 2019, 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.