PNB Housing Finance is planning to reduce its corporate loan book to below Rs 10,000 crore by the end of this fiscal (FY22) as it seeks to focus more on retail lending activities. The company's corporate lending stood at Rs 10,989 crore at the end of the first quarter of 2021-22, accounting for 15 percent of its Asset Under Management (AUM) and the latter touched Rs 71,828 crore during the same period. However, the company’s loan assets declined to Rs 60,438 crore at the end of June this year compared to Rs 68,009 crore in the year-ago period.
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.
