PNB Housing Finance Limited (PNBHFL) is a 30 years old public sector housing finance company (HFC), headquartered in New Delhi with branches in major cities across India. The company is promoted by Punjab National Bank and is registered with state owned bank and regulation authority of India - National Housing Bank (NHB). The company provides housing loans & loan against property as a part of its product portfolio and also holds the license to accept public deposits.
Company's deposit program is rated CRISIL FAAA/Stable (Highest Safety) and AAA by CARE. Company is rated CARE AAA for bank loans long term and CARE A1+ for commercial paper program. Company's is rated CARE AAA, IND AAA with stable outlook by India Ratings (Fitch Group), CRISIL AA+ with negative outlook and ICRA AA+ with stable outlook for Bonds/Non convertible debentures.
Video PNB Housing Finance Limited
Company history
PNB Housing Finance was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988 as a wholly owned subsidiary of Punjab National Bank (PNB). On December 9, 2009 PNB entered into a strategic partnership with Destimoney Enterprises Private Limited (DEPL) and sold its 26% stake to DEPL. DEPL which held 49% shares in the company until February 2015 sold its entire shareholding to Quality Investments Holdings, which is owned by Carlyle Group, a global investment firm. The remaining 51% was owned by the parent bank i.e. Punjab National Bank.
In November 2016, the Company came out with a public issue of equity shares. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016. Post the public issue, the promoters jointly hold 76% of shared in the company and the public shareholding stands at 24%. The Company does not have a subsidiary.
Maps PNB Housing Finance Limited
Operations
The company has Pan India presence in more than 60 locations through a network of 55 branches & 22 outreach offices as on November 22, 2016. Company's 18 hubs are located at New Delhi, Bengaluru, Chandigarh, Chennai, Noida, Jaipur, Dehradun, Lucknow, Kolkata, Cochin, Coimbatore, Mumbai, Thane, Pune, Ahmedabad, Indore and Hyderabad which support branch operations The company provides doorstep service for its products via Direct Sales Team (DST) channel. Other than the DST channel, company's Home Loan and Loan against Property business is also sourced via Direct Marketing Associates (DMA) and Digital Medium. Fixed Deposits, other than direct channel is also sourced via Broker Network
Products
Home Loan: PNB Housing provides housing loans to individuals for construction, purchase, repair, and upgrade of houses.
Non Home Loan: The company also provides loan against property, commercial property loan, lease rental discounting loans for commercial property, loans for purchase of residential plots and loan for real estate developers
Deposits: PNB HFL also offers Public Deposits of different maturities and various interest payment options
- PNB Housing has joined hands with mobile creches for providing day-care and schooling facilities to the children of construction-site workers.
- The company has collaborated with Kids for Kids - an NGO - to help spread smiles among the citizens for tomorrow. Company's annual calendars have been designed by Kids for Kids, using children's talent and creativity.
- PNB Housing has also entered into an MoU with Indian Medical Association (IMA) whereby it ploughs 25% of the processing fee collected from IMA doctors and invests this amount in health camps organized for the underprivileged
- Company has also contributed to Sanjivini Society of Mental Health, an NGO that addresses mental health needs of the Indian Society
Rewards and recognitions
- PNB Housing wins award for "Brand Excellence in NBFC Category" at the Economic Times Best BFSI Brands 2016
- PNB Housing awarded for 'Brand excellence in Banking, Finance and Insurance sector' at the prestigious 7th CMO Asia Awards for Excellence in Branding & Marketing
- PNB Housing awarded for contribution towards CSR at the India Pride Awards - 2016
- PNB Housing awarded as the 'Housing Finance Company of the Year' at the 8th Annual Real Estate Summit and Awards hosted by Franchise India and ET Now.
- PNB Housing felicitated for 'Outstanding Contribution to CSR' by CREDAI - 16th Dec, 2015
- PNB Housing's Annual report won bronze award at 20th Big Bang awards for excellence in communication and media
- PNB Housing has bagged the "Best Apprenticeship/ On the Job training program" Gold Award at the 7th Annual (Tata Institute of Social Sciences) TISS Leapvault CLO (Chief Learning Officers) Awards.
- "Special Commendation Award" by Best Change Intervention from Asia Study 2013-organisations that have successfully designed, executed and managed change.
- The Company was also recognised for rapid growth and was awarded the `Fastest Growing HFC by Franchisee India.
- Company has been acknowledged by HUDCO for its "significant contribution to housing for the year 2013-14."
- The change management story got published in "Switch", amongst 12 best change management stories of India
Citations and references
Source of the article : Wikipedia
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