PNB Housing Finance is actively looking to further sell its corporate assets to streamline balance sheet and has reworked its business plan for the current fiscal as the coronavirus pandemic has changed the dynamics. The company had sold corporate finance portfolio worth Rs 2,307 crore during FY2020 which helped in improving its CRAR (capital to risk weighted assets ratio) to 17.98 by end of March 2020.
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.
