PNB Housing Q2 Profit Rises 6 Percent
PNB Housing Finance posted a six percent rise in second quarter profit driven by robust loan growth and record retail disbursements. Net interest income also increased significantly.
Insights:
India's PNB Housing Finance posted a 6% rise in second-quarter profit on Wednesday morning, helped by healthy loan growth. Net profit reached 6.17 billion rupees ($64.82 million) for the quarter ended September 30, up from 5.82 billion rupees a year earlier. The financier capitalized on robust credit demand across sectors to expand its lending portfolio.
