The tribunal lacks a third member to fall back upon, thus putting the PNB Housing plea in a limbo
PNB Housing Finance on Wednesday reported an over 5 per cent decline in its consolidated net profit to Rs 243.28 crore for the first quarter ended June 30.
What are the contours of the deal? Why is the market regulator hesitant about giving the deal a go-ahead? In today's podcast we decode them and more
This forms part of the proposed deal to invest Rs 4,000 crore in the company through a preference issue
The US bond yields which have become influential on stock prices, globally, spiked to 1.48 per cent
The company's board will meet on October 24 to declare quarterly earnings for the second quarter of this fiscal and will also consider proposal to raise fund
On September 20, Finance Minister Nirmala Sitharaman announced slashing the basic corporate tax rate for domestic companies to 22 per cent from 30 per cent
While the company is rebalancing its loan book, higher costs and weak asset quality pose challenges
Improvement in retail real estate demand with slash in GST is expected to spur demand and help drive its loan growth over other smaller players
"We expect the bank's internal capital generation to improve gradually as declining credit costs alleviate pressure on its capitalisation over the next 12-18 months."
With operating climate tight especially for HFCs, it may take a while for firm's financials to strengthen
While increase in liquidity provides comfort in terms of asset-liability management, near-term margin pressure continues
Housing finance company says it raised money in current month, is silent on interest rate
But competitive pressures to cap upsides on profitability, loan growth
Higher funding costs, uncertainty around stake sale has Street worried
The bank manager refused to sanction the loan unless more loan-worthy collateral was given
At over 3x FY19 price-to-book, analysts say high growth prospects support valuations
The company plans to raise up to Rs 6,000 crore by way of issuance of secured and unsecured non-convertible debentures
Customers will get 3 step ups while the outstanding amount will be amortised over remaining tenure