PNB Housing Finance, a mortgage lender backed by General Atlantic Singapore, aims to maintain a net interest margin just below 4% and reduce the rising cost of funds. The lender expects to access cheaper funds from the National Housing Bank and a potential rating upgrade, which would lower borrowing costs.
The mortgage lender kept aside Rs 1196 crore as expected credit loss provisions against Rs 2162 crore in the year ago period. This is in line with improvement in asset quality with gross non-performing assets ratio declined by 1.78% at the end of September from 3.39% a year back.
Twine Digital Celebrates 10 Years of Digital Excellence, Sets Sights on Global Expansion : Rashtra News Twine Digital, a leading digital marketing solutions company headquartered in Delhi, celebrated its 10th anniversary on October 17, 2023. Over the past ten years, Twine Digital has demonstrated remarkable growth, expanding its operations from India to various corners of […]