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PNB Housing Finance Sees 6% Net Profit Growth in Q2FY27

Arjun ReddySource: thehindubusinessline.com
Updated 19h ago
PNB Housing Finance Sees 6% Net Profit Growth in Q2FY27
PNB Housing Finance Sees 6% Net Profit Growth in Q2FY27Source: thehindubusinessline.com
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PNB Housing Finance reported a 6% increase in net profit to ₹617 crore in Q2FY27, driven by improved net interest income and fee incomes. The company's loan assets grew 19% to ₹95,079 crore, while its non-perilous assets decreased to 0.91%. The NBFC expects a modest increase in borrowing costs due to a 25 basis point rate hike, with plans to adjust lending rates accordingly.

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