PNB Housing Finance board recommends issuance of NCDs worth ₹10,000 crore; check details

The board of directors of PNB Housing Finance on Wednesday, July 2, recommended the issuance of non-convertible debentures (NCDs) worth ₹10,000 crore.

The NCDs, subject to shareholder approval at the ensuing annual general meeting (AGM), will be issued in one or more tranches on a private placement basis, the NBFC said in a regulatory filing.

The company’s board also fixed Friday, August 1 as the record date for the purpose of determining the members eligible to receive dividend for the financial year 2024-25.

In April, the housing finance company's board had approved a final divided for FY25 of ₹5 per equity share with a face value of 10 each, which is also subject to shareholder approval at its 37th AGM.

The company’s 37th AGM is scheduled to be held on Thursday, August 21, through a video conference or other audio-visual means, its board of directors decided at the meeting.

The board also considered and approved the appointment of Vinod Kothari & Company, Company Secretaries in Practice as the Secretarial Auditor of PNB Housing Finance for the first term of five consecutive years commencing from FY26 to FY30.

PNB Housing Finance March quarter results

The housing finance company reported a 25.3% year-on-year (YoY) rise in its consolidated net profit to ₹550.38 crore in the fourth quarter of FY25, compared to ₹439.25 crore in the corresponding period a year ago.

Its net interest income (NII) stood at ₹734 crore in the quarter ended March 31, 2025, jumping 16.2% YoY from ₹632 crore in the March quarter of FY24. Furthermore, its interest income grew 13% YoY to ₹1,906 crore, as against ₹1,693 crore in the year-ago quarter.

During Q4FY25, the NBFC’s net non-performance assets (NPA) improved to 1.08% and gross NPA to 0.69%.

Shares of PNB Hosing Finance closed 1.71% lower at ₹1,085.1 apiece on the National Stock Exchange (NSE) on Wednesday. However, the outcomea of the meeting were announced post the market hours.

PNB Housing Finance has a total market capitalisation of ₹28,227.13 crore, as of July 2, 2025, as per the data on the NSE.