PNB Housing Finance Reports Impressive 43% Profit Surge in Q3

PNB Housing Finance has announced a remarkable 43% increase in net profit, reaching ₹483 crore for the December quarter, compared to ₹338 crore last year. This growth is attributed to strong demand for home loans, with total income rising to ₹1,943 crore from ₹1,756 crore. Interest income also saw an uptick, climbing to ₹1,848 crore. Additionally, the company's gross non-performing assets improved to 1.19%, indicating enhanced asset quality. These results highlight PNB Housing's robust performance amidst a competitive market landscape.

Source: The Economic Times