PNB Housing Finance publications Rs 351-cr loss in Q4 on increased write-offs
Mortgage company PNB Housing Finance (PNB HFC) intends to reduce loan that is corporate by Rs 1,500 crore by March 2021 and it is moving in for a moment round of rationalisation.
Hardayal Prasad, handling director (MD) and ceo (CEO) stated the organization has generated a stronger stability sheet and certainly will continue steadily to rebalance its profile to construct a robust retail franchise.
There was clearly a sell down and accelerated pre-payment of Rs 477 crore into the business guide.
“HFC continues to be steadfast in its technique to reduce share of business guide by end associated with the present financial year,” Dayal said in an analystsвЂ™ call.
The business is closely monitoring its book that is corporate and reports come in various phases of resolution. Some of those resolutions are required to fructify throughout the present economic year.
Assets under administration (AUM) endured at Rs 81,221 crore as on September 30, 2020, when compared with Rs 83,495 crore as on June 30, and Rs 89,471 crore as on September 30, 2019. (mais…)