 "PNB Housing raises Rs 500 cr for green residential projects")
PNB Housing Finance has surged 6% to Rs 1,533 on BSE in early morning trade after the company reported a robust 93% year on year (YoY) jump in net profit at Rs 185 crore in June quarter (Q1FY18), on back of strong net interest income. The housing finance company had logged profit of Rs 96 crore in the same quarter an year ago.
Net interest income during the quarter under review rose 64% to Rs 344 crore from Rs 209 crore in the corresponding quarter of previous fiscal year.
“Net interest margin on the average interest earning assets
Net interest income during the quarter under review rose 64% to Rs 344 crore from Rs 209 crore in the corresponding quarter of previous fiscal year.
“Net interest margin on the average interest earning assets
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