ICRA has reaffirmed its AA- (Stable) rating for PNB Housing Finance Limited and extended the rating to its enhanced long-term bank facilities, which have been increased from ₹5,000 crore to ₹10,000 crore. The rating reflects the company’s strong position in the mortgage finance segment and anticipated support from Punjab National Bank, which holds a 28% stake.
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ICRA has reaffirmed its ICRA [AA-] (Stable) rating for PNB Housing Finance Limited (PNBHFL) and applied the same rating to the company’s expanded long-term borrowing limits, now enhanced to ₹10,000 crore from the previous ₹5,000 crore.
The agency noted that the rating reflects PNBHFL’s established position in the mortgage lending sector, supported by assets under management (AUM) of ₹83,879 crore, along with expected parental backing from Punjab National Bank, which holds a 28% equity stake.
Key Financial Metrics (FY2025):
| Metric | Value (₹ crore) | YoY Change |
| Total Assets | 82,496.50 | +13.99% |
| Total Equity | 16,833.70 | +12.73% |
| Current Assets | 3,922.40 | +12.97% |
| Investments | 3,380.80 | -22.20% |
The company reported strong growth in total assets and equity, signalling expansion and operational stability. The decline in investments suggests a shift in capital deployment aligned with evolving business strategies.
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