Home loans to get costlier as SBI, ICICI, PNB raises lending rates

NEW DELHI On Thursday, State Bank of India (SBI) has raised its marginal cost of lending rate (MCLR) by 20 basis points. The lead lenders of the country including Industrial Credit and Investment Corporation of India (ICICI) bank and Punjab National Bank (PNB) has also announced an increase in lending rates. This

PNB Finance plans to raise USD 400 million for affordable housing

By Accommodation Times Bureau NEW DELHI To fund affordable homes, PNB Housing Finance plans to raise $400 million via masala bonds. PNB Housing Finance is a subsidiary of Rs 11,400 crore scam-hit Punjab National Bank. According to market sources, World Bank’s arm IFC has agreed to underwrite $150 million from its own funds while

PNB raises Rs 1,315 crore through OFS in PNB Housing Finance

By Accommodation Times Bureau NEW DELHI Through the sale of shares, Punjab National Bank (PNB)  has raised over Rs 1,315 crore in subsidiary firm PNB Housing Finance (PNBHFL) via offer for sale (OFS) route. PNB said in a regulatory filing that, "The Bank successfully sold 98,15,860 equity shares of PNBHFL to different investors

PNB Housing Finance partners Magicbricks to e-auction 45 re-possessed properties on November 27

By Accommodation Times Bureau NEW DELHI On November 27 a realty website, Magicbricks.com ties-up with PNB Housing Finance Limited for conducting an e-auction of 45 re-possessed properties. The properties will be available to the customers at prices lower than the prevailing market rates, for quick possession. The properties are located in Indore (1), Jagadhri

PNB bank makes home loans attractive for government staff

By Accommodation Times News Service The bank said it will offer loans to these segments without any processing or upfront fee and no documentation charges will be levied on them To cash in on the 7th Pay Commission payout to government employees, state-owned Punjab National Bank (PNB) is offering them home and

PNB Housing Finance to fund green housing projects, raised 500 cr from World Bank

By Accommodation Times News Services Punjab National Bank’s home loan arm PNB Housing Finance will now fund green housing projects, the bank has raised funds of Rs 500 crore by issuing bonds to World Bank arm International Finance Corporation (IFC) for funding such projects. “PNB Housing Finance has issued secured fixed rate

PNB Housing Finance plans to raise $300 million in foreign debt

By Accommodation Times New Service PNB Housing Finance plans to raise USD 300 million (about Rs 2,000crore) through external commercial borrowing (ECB) to fund affordable housing segment. "We have got approval for National Housing Bank for ECB. We are awaiting clearance from RBI for $300 million ECB," PNB Housing Finance Managing Director