Friday, May 3 2024 | Time 03:33 Hrs(IST)
image
Business EconomyPosted at: Apr 1 2024 4:28PM


PNB Housing Finance affirms its financial strength and growth with three consistent Credit Rating Upgrades in Single Qr

Kolkata, Apr 01 (UNI) PNB Housing Finance has announced its exceptional achievement of securing credit rating upgrades thrice in a row in a single quarter (Q4 FY24).
India Ratings, ICRA and CARE Ratings affirmed and upgraded the Company’s ratings to ‘AA+’ from ‘AA’ with ‘Stable’ outlook.
The rating rationale factors in PNB Housing Finance’s improved asset quality, strong market position, diversified resource profile and efficient capital management. Further, the agencies recognized the Company’s sharpened focus on the granularization of the retail loan book, along with the expansion of the affordable housing segment Roshni, for ensuring higher yields & interest margins, and improving profitability.
Girish Kousgi, MD & CEO, PNB Housing Finance, stated, “We are proud to close this financial year with three consistent credit rating upgrades from Ind-Ra, ICRA and CARE in the last quarter alone. This accomplishment reflects our holistic growth strategy of boosting our business performance, and delivering on important financial metrics. We are excited to step into the new financial year with renewed vigor and confidence of our key stakeholders, and our endeavor is to maintain this momentum to accomplish our long-term goals efficiently.”
UNI SJC KK
Please log in to get detailed story.
Tags: #PNB Housing Finance affirms its financial strength and growth with three consistent Credit Rating Upgrades in Single Qr
More News
Adani Green secures USD 400 million from international banks for 750 MW power project

Adani Green secures USD 400 million from international banks for 750 MW power project

02 May 2024 | 9:40 PM

Ahmedabad, May 2 (UNI) Adani Green Energy Ltd (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, on Thursday announced USD 400 million financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks.

see more..

Bayer acquires remaining 25 pc stake in Bayer Zydus Pharma Pvt Ltd to secure full ownership

02 May 2024 | 9:36 PM

Kolkata, May 2 (UNI) Bayer Pharmaceuticals Private Limited and Zydus Lifesciences Limited (formerly Cadila Healthcare) on Thursday announced the successful conclusion of their joint venture (JV) - Bayer Zydus Pharma Private Limited (BZPPL).

see more..

AP: Interaction-cum-training program on PULSE held at RINL, Visakhapatnam

02 May 2024 | 8:41 PM

Visakhapatnam (Andhra Pradesh), May 2 (UNI) A one-day interaction cum training programme on PULSE [Profession Utility by Leadership Support & Encouragement] under the auspices of Management Services department was organized at Learning & Development Centre(L&DC) of RINL, the Corporate entity of Visakhapatnam Steel Plant (VSP), on Thursday.

see more..

Holoware forays into laptop segment

02 May 2024 | 6:55 PM

Chennai, May 2 (UNI) The Chennai-headquartered Holoware Computers on Thursday announced
its foray into the laptop segment.

see more..
Rupee falls 2 paise against USD

Rupee falls 2 paise against USD

02 May 2024 | 6:01 PM

Mumbai, May 2 (UNI) The Rupee on Thursday eased 3 paise to close at 83.46 against the USD on rising demand for US Dollar by bankers and importers, dealers at the Foreign exchange said.

see more..
image