PNB Housing Finance, a backup of state-run Punjab National Bank, reported an ascent in net benefit, pay and advances authorized for the monetary year 2015-16. While net benefit rose 66 percent to Rs. 326 crore, absolute wage grew 52 percent to Rs. 2,697 crore, the organization said in an announcement on Thursday.
The 28-year-old organization dispensed credits worth Rs. 14,456 crore, 53 percent more when contrasted with the past monetary year.
Resources under administration rose 59 percent to Rs. 27,555 crore as on March 31, 2016, as against Rs. 17,297 crore in the past money related year. Gross non-performing resources (NPAs) and net NPAs remained at 0.22 percent and 0.14 percent, individually.
PNB Housing Finance, in which Punjab National Bank holds 51 percent stake, pronounced a profit of Rs. 3.4 for each offer.
The organization said the outcomes were along expected lines.
"The outcomes are empowering and at standard with our desires. With solid essentials of the Indian economy and a favorable situation for the home loan industry, the speed for the part is by all accounts picking up and this should give colossal driving force to PNB Housing to proceed with its development energy on an upward bend," Sanjaya Gupta, overseeing chief of PNB Housing Finance Limited, said in the announcement.
Another home advance organization, Dewan Housing Finance Corporation Limited, had reported a 17.4 percent expansion in net benefit to Rs. 729.2 crore for the money related year 2015-16. Net interest pay was Rs. 1,669 crore, up 21 percent from Rs. 1,379.80 in 2014-15.
The organization endorsed advances worth Rs. 37,608 crore while resources under administration rose 22 percent to Rs. 69,524 crore toward the end of monetary 2016, as per the organization's administrative documenting on May 4.
Other unmistakable home advance organizations in India incorporate HDFC, LIC Housing Finance, Gruh Finance, and Repco, notwithstanding business banks, both state-run and private.
The 28-year-old organization dispensed credits worth Rs. 14,456 crore, 53 percent more when contrasted with the past monetary year.
Resources under administration rose 59 percent to Rs. 27,555 crore as on March 31, 2016, as against Rs. 17,297 crore in the past money related year. Gross non-performing resources (NPAs) and net NPAs remained at 0.22 percent and 0.14 percent, individually.
PNB Housing Finance, in which Punjab National Bank holds 51 percent stake, pronounced a profit of Rs. 3.4 for each offer.
The organization said the outcomes were along expected lines.
"The outcomes are empowering and at standard with our desires. With solid essentials of the Indian economy and a favorable situation for the home loan industry, the speed for the part is by all accounts picking up and this should give colossal driving force to PNB Housing to proceed with its development energy on an upward bend," Sanjaya Gupta, overseeing chief of PNB Housing Finance Limited, said in the announcement.
Another home advance organization, Dewan Housing Finance Corporation Limited, had reported a 17.4 percent expansion in net benefit to Rs. 729.2 crore for the money related year 2015-16. Net interest pay was Rs. 1,669 crore, up 21 percent from Rs. 1,379.80 in 2014-15.
The organization endorsed advances worth Rs. 37,608 crore while resources under administration rose 22 percent to Rs. 69,524 crore toward the end of monetary 2016, as per the organization's administrative documenting on May 4.
Other unmistakable home advance organizations in India incorporate HDFC, LIC Housing Finance, Gruh Finance, and Repco, notwithstanding business banks, both state-run and private.
0 Comments