PNB Housing Finance Ltd successfully resolves its large NPA of Rs. 784 crore

PNB Housing Finance Limited through its focused and multi-pronged resolution strategy has successfully resolved and fully recovered its large corporate Non-Performing account of INR 784 crore (~1.3% of Loan Asset as on 30th June 2023).

The account has been resolved on 19th August 2023 through an ARC sale under Swiss Challenge method as per the Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021.

As on 30th June 2023, the Gross NPA of the Company stood at INR 2,270 crore (3.76% of Loan Asset) and Loan Asset was INR 60,395 crore.

Shares of PNB Housing Finance Limited was last trading in BSE at Rs. 634.75 as compared to the previous close of Rs. 652.00. The total number of shares traded during the day was 24501 in over 1547 trades.

The stock hit an intraday high of Rs. 658.80 and intraday low of 626.20. The net turnover during the day was Rs. 15812077.00.

Source : Equity Bulls

Keywords

PNBHousingFinance INE572E01012 DebtResolution NPA