 "debt, loan, liquidity, market share, corporate, company, companies, firm, india inc, cash, fund, shares, stocks, shareholding, investment, lending")
Mortgage lender PNB Housing Finance (PNB HFC) plans to reduce corporate loan book by Rs 1,500 crore by March 2021 and is going in for a second round of rationalisation.
Hardayal Prasad, managing director (MD) and chief executive officer (CEO) said the company has built a strong balance sheet and will continue to rebalance its portfolio to build a robust retail franchise.
There was a sell down and accelerated pre-payment of Rs 477 crore in the corporate book.
"HFC remains steadfast in its strategy to bring down share of corporate book by end of the current fiscal year," Dayal said
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