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Hang Seng
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Stock Market Live: Nifty above 14,800, Sensex jumps 500 points; banks, financials gain

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Expect growth to pick-up, affordable housing segment to see growth, says PNB Housing

Updated : January 28, 2021 02:34 PM IST

PNB Housing Finance posted a nearly flat consolidated net profit at Rs 232 crore in the third quarter ended December, while its net interest margin stood at 3.2 percent for the quarter.

The company’s disbursements stood at Rs 3,203 crore (retail Rs 3,156 crore) during Q3FY21 as compared to Rs 3,196 crore (retail Rs 2,758 crore) in year-ago period.

Speaking to CNBC-TV18, Hardayal Prasad, MD and CEO, PNB Housing Finance, said that the collection efficiency has come back and expects better growth going ahead.

“With the disbursements that will come in, we will find that the retail book will also show very healthy growth,” Prasad said.

He said that the affordable housing segment should see growth led by Tier-II/III cities.

“One of the biggest reason is there is huge amount of push that is coming in on the affordable housing. We anticipate that the growth story will continue. I am also expecting some major changes that the budget could offer. The state governments have already done it, centre also came out with stimulus packages, all these things put together are creating the right environment for the real estate sector to grow,” he said.

For more, watch the interview…

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