In Ancient Rome, Gladioli was associated with gladiators. They would wear Gladiolus corms around their neck to win battles. The Gladiolus flower is thus associated with strength and integrity.
The global pandemic and liquidity crisis have hit the country’s housing finance companies in recent years, and PNB Housing Finance was no exception. During this period, the Company has intensified its efforts to strengthen its core to drive future growth.
With our focused measures, we have reduced our leverage to 5.4x as on 31st March 2022 and increased CRAR to 23.4% with Tier 1 at 20.7% as on 31st March 2022.
We have well-established and streamlined credit underwriting and collection processes, which have helped us manage the large scale of our business by enhancing our productivity and our ability to take prudent credit decisions. Our strength lies in our ability to efficiently underwrite all categories of customers and nurture strong relationships with our business partners and stakeholders. Our underwriting processes are gradually moving towards automation and digitisation.
We have accelerated our digital journey and embarked on contactless customer onboarding and disbursal. In India, we are among the first among HFCs to introduce a digital platform to onboard customers, verify documents and disbursement, helping us optimise customer acquisition cost, better customer servicing and improve efficiency.
In Ancient Rome, Gladioli was associated with gladiators. They would wear Gladiolus corms around their neck to win battles. The Gladiolus flower is thus associated with strength and integrity.
The global pandemic and liquidity crisis have hit the country’s housing finance companies in recent years, and PNB Housing Finance was no exception. During this period, the Company has intensified its efforts to strengthen its core to drive future growth.
With our focused measures, we have reduced our leverage to 5.4x as on 31st March 2022 and increased CRAR to 23.4% with Tier 1 at 20.7% as on 31st March 2022.
We have well-established and streamlined credit underwriting and collection processes, which have helped us manage the large scale of our business by enhancing our productivity and our ability to take prudent credit decisions. Our strength lies in our ability to efficiently underwrite all categories of customers and nurture strong relationships with our business partners and stakeholders. Our underwriting processes are gradually moving towards automation and digitisation.
We have accelerated our digital journey and embarked on contactless customer onboarding and disbursal. In India, we are among the first among HFCs to introduce a digital platform to onboard customers, verify documents and disbursement, helping us optimise customer acquisition cost, better customer servicing and improve efficiency.
