SBI, PNB, ICICI Bank raise lending rates

By Accommodation Times Bureau NEW DELHI The State Bank of India (SBI), Punjab National Bank (PNB) and Industrial Credit and Investment Corporation of India (ICICI) Bank has raised up to 0.1 per cent of their benchmark mark lending rates or Marginal Cost of funds based Lending rate (MCLR). The move makes loans at

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 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 Housing Finance debuts at Rs. 860/share

PNB Housing Finance made strong debut on the bourses at Rs. 860 per share, up 11% over the issue price of Rs 775. The company has raised Rs 3000 crore through the issue. The issue was oversubscribed by 29.55 times. Kotak Mahindra Capital Company, DSP Merrill Lynch, JM Financial Institutional Securities, J P

PNB Housing Finance linkages with PNB remains strong

PNB Housing Finance Limited’s linkages with Punjab National Bank is likely to remain strong even post the initial public offer, says India Ratings and Research. The current rating of PNBHFL reflects Ind-Ra’s expectation of continued support from PNB. PNBHF is planning to raise Rs. 30bn through an IPO, the proceeds of

PNB Housing Finance IPO subscribed 29.5 times

The initial public offering (IPO) of PNB Housing Finance was subscribed 29.55 times on Thursday, the final day of the issue. The IPO has received bids for 82,91,97,506 shares as against the total issue size of 2,80,77,500 shares, as per NSE data. According to NSE data, the institutional investor category was subscribed