PNB Housing Finance shares rise over 8% on recovery of Rs 784 crore NPA

PNB Housing Finance shares rise over 8% on recovery of Rs 784 crore NPA

Mortgage lender PNB Housing Finance shares rallied 8% to Rs 688 in Monday’s trade on BSE after the firm resolved and fully recovered a corporate non-performing asset (NPA) of Rs 784 crore. The company said it has fully recovered this corporate NPA, constituting about 1.3% of the loan asset as of June 30, 2023. The … Read more