PNB Housing Finance reports 19 percent profit rise
PNB Housing Finance posted a 19 percent rise in quarterly profit to 6.56 billion rupees. Growth was driven by a 32 percent jump in retail loan disbursements.
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India's PNB HOUSING FINANCE LTD reported a 19% increase in its fourth-quarter profit, driven by robust demand for home loans and a significant improvement in asset quality. The New Delhi-based non-banking finance company recorded a consolidated net profit of 6.56 billion rupees ($70.44 million) for the three months ended March 31, up from 5.50 billion rupees in the same period the previous year.
