PNBHOUSING

PNBHOUSING

It was being incorporated as “PNB Housing Finance Private Limited” as on November 11, 1988, as a private limited company under the Companies Act 1956, with a certificate of incorporation granted by the RoC. According to the conversion of the Company to a public limited company, the company name was changed to “PNB Housing Finance Limited,” and the RoC certified the change of name upon the conversion to a public limited company as on December 30, 1989.

Some of the Achievements:

• 2016: It was awarded for Excellence in Corporate Social Responsibility by the Dainik Bhaskar Group.
• 2016: It was recognized as ET Best BFSI Brands 2016 from the Economic Times.
• 2015: It was awarded for the contribution to corporate social responsibility by CREDAI.
• 2015: The Best Apprenticeship / On the Job training program Gold Award received during the 7th Annual Tata Institute of Social Sciences.
• 2014: Microsoft recognized it for being a pioneer investor in Cloud Services and Solutions in India.
• 2014: It received National Award for excellence in Talent Management 2014.
• 2014: It was awarded for its Significant Contribution to Housing for the year 2013-2014 by Housing and Urban Development Corporation Limited.
• 2014: It was awarded for the successful completion of 25 years of service by Dun & Bradstreet.
• 2013: It was awarded a Special Commendation Award during the Best Change Interventions of Asia Seminar & Awards.

Some of the Milestones:

• 1988: The incorporation of the company took place.
• 2003: It was notified under the SARFAESI Act.
• 2006: It crossed the INR 10,000.00 million loan portfolio.
• 2009: It sold 26% of its stake in the total issued, subscribed and paid-up share capital of the Company to DEL.
• 2010: It launched the business process re-engineering project named Kshitij.
• 2012: Also, DEL increased its shareholding to 49% in the Company, according to the conversion of CCDs issued to DEL in 2009. Also, both Gross and net NPAs were brought lower than 0.50% of the asset portfolio.
• 2013: It crossed INR 10,000.00 million retail deposits. It received AA+ rating by CRISIL of the NCDs and bank term loans and FAAA rating for the deposits.
• 2014: The Profit after tax crossed INR 1,000.00 million and the portfolio crossed INR 100,000.00 million. It received AAA rating by CRISIL for the NCD Borrowing program.
• 2015: It implemented end-to-end Enterprise System Solution. It received AAA rating by ICRA and India Ratings (Fitch Group) for the NCD borrowing program.
• 2016: It bagged the ‘Housing Finance Company of the Year’ award during the 9th Annual Estate Awards.
• 2016: It was awarded ‘Certificate of Merit’ as ‘Housing Finance Company of the Year’ by CMO Asia at ABP News Presents Real Estate Awards. -PNB Housing wins an award for ‘Brand Excellence in the NBFC Category’ at The Economic Times Best BFSI Brands 2016. -PNB Housing awarded for a contribution towards CSR at the India Pride Awards - 2016. -PNB Housing Finance Inaugurates 9th branch in Delhi -PNB Housing inaugurates the first branch in Thrissur, Kerala.