PNB Housing Finance Limited Right Issue

Incorporated in 1988, PNB Housing Finance Limited is a subsidiary of Punjab National Bank. The entity offers housing loans to individuals and corporate bodies for the construction, purchase, repair, and upgradation of houses, as well as loans for commercial space, purchase of residential plots, loan against properties, and loans for real estate developers.

Company targets its services of housing loans towards customers like salaried individuals, whose main source of income is salary from their employment, and self-employed customers, whose main source of income is their profession or their business. They also offer housing loans in the form of construction finance loans to real estate developers of residential housing.

The company has Pan India presence in more than 40 locations through a network of 48 branches. Company's 16 hubs are located at New Delhi, Bengaluru, Chandigarh, Chennai, Noida, Jaipur, Dehradun, Lucknow, Kolkata, Cochin, Coimbatore, Mumbai, 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.