IPO=OpportunityTake a step towards brighter financial future

PNB Housing Finance has been grown at a rate higher than the HFC industry growth in the last 5 years with stable capital structure and provision coverage ratios. Considering the average ticket size in respect of housing loans of PNB being higher than the majority of the listed HFCs, their major presence in northern part of India and highly dependent on real estate owners for their loans against property business, we assign 4.0 rating on 5 for PNB Housing Finance Ltd.