PNB Housing Board Approves ₹10,000 Cr NCD Issue

The Board of Directors of PNB Housing Finance Limited has approved the issuance of Non-Convertible Debentures (NCDs) of up to ₹10,000 crore on a private placement basis. The fundraising will strengthen the company’s capital base and support its growth plans in the affordable and retail housing finance segments. The NCDs will be issued in one or more tranches as per the company’s funding requirements and market conditions. This move enhances PNB Housing Finance’s ability to meet rising demand for home loans while maintaining a balanced liability profile. The approval provides the housing finance company with greater flexibility to raise long-term funds efficiently and sustain its lending momentum in the coming quarters. **Top stocks in the housing finance industry:**