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Language , Updated: Aug 7, 2022, 5:11 PM
(Kalpana Mandal) New Delhi, Aug 7 (PTI) A best respectable of PNB Housing Finance mentioned that the method for its rights factor value Rs 2,500 crore is underway. Simultaneously, the corporate is taking a look to re-enter the company debt phase with a wholesome CRAR (Capital to Risk Weighted Assets Ratio). PNB Housing Finance Managing Director and CEO Hardayal Prasad has mentioned that the Punjab National Bank-promoted housing finance corporate (HFC) lately has a company debt of Rs 6,006 crore, which has come right down to Rs 1,000 crore as of December.
New Delhi, Aug 7 (PTI) A best respectable of PNB Housing Finance mentioned that the method for its rights factor value Rs 2,500 crore is underway. Simultaneously, the corporate is taking a look to re-enter the company debt phase with a wholesome CRAR (Capital to Risk Weighted Assets Ratio).
PNB Housing Finance Managing Director and Chief Executive Officer Hardayal Prasad has mentioned that the Punjab National Bank-promoted housing finance corporate (HFC) lately has a company debt of Rs 6,006 crore, which would possibly come right down to Rs 1,000 crore through December. .
The debt guide of the corporate has declined through 45 in step with cent year-on-year within the first quarter of FY 2022-23.
In phrases of CRAR, the corporate used to be at a at ease stage of 23.9 in step with cent as on June 30, 2022, from 21.4 in step with cent in the similar duration a yr in the past (June 2021). This determine used to be 23.4 in step with cent within the March 2022 quarter.
CRAR is a measure of an organization’s to be had capital and is vital for making sure its skill to soak up losses.
Prasad mentioned, “My exposure to corporate loans is Rs 6,006 crore right now. By December it may come down to Rs 1,000 crore.
The company expects to get Rs 500 crore of rights issue from PNB by December this year.
