PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNB Housing is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in November 2016. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016.
With over three decades of specialised experience in housing finance, PNB Housing has a robust network of branches spread across the country which help its customers avail financial services (loans and deposits) seamlessly.
Key highlights of PNB Housing Finance Ltd. Fixed Deposit scheme:
· Rating of fixed deposit – Highest Safety Rating – “CRISIL FAA” – This rating indicates that the degree of safety regarding timely payment of interest and principal is very high.
· Various tenures ranging from 12 months to 120 months.
· Product Range – Monthly/ Quarterly/ Half yearly/ Annual Income Schemes.
· Widespread branch and service network
PNB Housing offers a Corporate Deposit scheme for Body Corporates, Private/Public Limited Companies, Corporations, Statutory Board, Local Authorities, and other Banks & Financial Institutions
Financial Performance Overview
· Asset under Management (AUM) is at INR 83,495 crore as on 30TH June 2020.
· The Deposit portfolio is at INR 16,203 crore as on 30TH June 2020.
· The Capital Adequacy Ratio based on IGAAP stood at 18.05% as on 30TH June 2020.
· Net worth as on 31st March 2020 was at INR 7,998 crore.
· Gross NPA as on 31st March 2020: 2.29%.
· Net NPA as on 31st March 2020 :1.75%.
· Profit after Tax for FY 2019-20: INR 1,010 crore.
Our current rate of interest is as below. Attaching our interest rate and brokerage chart for your perusal too
Rate of Interest Chart: Regular Deposit up to ₹5 Crore
Tenure (Months) | Cumulative Option* | Non-Cumulative Option ROI (p.a.) | |||||
ROI (p.a.) | |||||||
ROI | Tentative yield to maturity# | Monthly | Quarterly | Half Yearly | Annual | ||
12-23 | 6.20% | 6.20% | 6.03% | 6.06% | 6.11% | 6.20% | |
24-35 | 6.45% | 6.66% | 6.27% | 6.30% | 6.35% | 6.45% | |
36-47 | 6.60% | 7.05% | 6.41% | 6.44% | 6.49% | 6.60% | |
48-59 | 6.60% | 7.28% | 6.41% | 6.44% | 6.49% | 6.60% | |
60-71 | 6.70% | 7.66% | 6.50% | 6.54% | 6.59% | 6.70% | |
72-84 | 6.70% | 7.93% | 6.50% | 6.54% | 6.59% | 6.70% | |
120 | 6.70% | 9.13% | 6.50% | 6.54% | 6.59% | 6.70% | |