44%
0.6%
11%
44%
4%
0.3%
18 basis points
12 basis points
5 basis points
43 basis points
147 basis points
YoY Growth
YoY De-growth
Note: % change over FY2019-20 unless mentioned otherwise
Progress for us has multiple connotations. It is a journey that begins with a better understanding of our customers, reaching out to them to fulfil their deeply cherished ambitions of owning their own home and strengthening the fundamentals of our business in a responsible and sustainable manner.
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FY16-17 is IGAAP, rest years are IndAS.
*Indicates dates as on March 31
Home ownership brings peace of mind and a sense of security to millions of people. To many others, it is a secure investment whose value appreciates over a longer time horizon and serves as an important safety net against inflationary trends in the economy.
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The Banyan Tree, also known as the Vat or Bargad, is among the most venerated trees in India. The tree is believed to provide the fulfilment of wishes and provide material gains. The visual distinctiveness symbolises magnificence, immortality, and stature — attributes associated with strong, stable leadership. Even the topology of this massive root system inspired the name of the hierarchical computer network operating system ‘Banyan VINES’.
PNB Housing Finance has emerged as a leading player in the housing finance segment in India. Robust fundamentals of the Company enabled it to withstand many headwinds and becoming a stronger player in India. With a realigned strategy and leveraging the power of digitalisation, the Company is poised for its next phase of growth.
The oak tree symbolises lasting strength and endurance as some oak trees can live up to several hundreds of years. The oak tree is also a symbol of hospitality and safety, as its expansive branches can make for a very comfortable spot to rest.
PNB Housing Finance symbolises endurance and a stable business model. The Company has invested in robust processes and risk management system, safeguarding it from volatilities. The Company is further strengthening its systems, rationalising loan book to emerge stronger with robust asset quality
With our retail focus and especially on Affordable Housing Segment, we remain steadfast in supporting PM’s Mission of ‘Housing for All’. The current scenario highlights the urgent need to accelerate a sustainable business environment and PNB Housing Finance is committed and prepared to lead the change and build a healthy and progressive housing finance company.
The Company is fast evolving as a technology-led company in the housing finance segment. Digitisation and innovation are two attributes that are transforming us from being just a lender to a digital solutions provider for customers. With the introduction of new-age technologies such as Artificial Intelligence, Machine Learning, Robotic Process Automation across the value chain, we are achieving improved process control and efficiency.
