PNB Housing Finance plans to sell corporate loans up to Rs 2,000 crore

PNB HFC is in talks with banks for offloading a part of corporate loan book, and expects to finalise the deal in next few weeks, said Neeraj Vyas, MD and CEO of the housing finance company.

PNB Housing Finance (PNB HFC) plans to sell corporate loans worth up to Rs 2,000 crore in the current financial year (2020-21) to further release capital and use the same for growing retail home loan book.

PNB HFC is in talks with banks for offloading a part of corporate loan book, and expects to finalise the deal in next few weeks, said Neeraj Vyas, managing director and chief executive officer of the housing finance company. 

The company plans to focus on the lower risk-weighted retail assets business and bring down the share of corporate loans in its assets under management (AUMs).