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PNB Housing Finance Expects Margin Boost After Rate Hike
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News18•11-10-2026, 12:45
PNB Housing Finance Expects Margin Boost After Rate Hike
- •PNB Housing Finance MD and CEO Ajai Shukla stated that the recent RBI repo rate hike will lead to a 5 to 8 basis points improvement in net interest margins.
- •The mortgage firm expects stronger housing finance demand and momentum in the second half of the financial year.
- •Crisil upgraded PNB Housing Finance to AAA/Stable, meaning the company now holds AAA ratings from all four leading domestic credit rating agencies.
- •The top credit rating is expected to lower the company's borrowing costs, which will ultimately translate into cheaper loans for customers.
Key Questions Answered
PNB Housing Finance MD and CEO Ajai Shukla stated that the recent benchmark rate hike by 25 basis points will lead to a marginal net interest margin improvement of 5 to 8 basis points.
Crisil upgraded PNB Housing Finance to AAA/Stable from AA+/Stable, giving the mortgage firm AAA ratings from all four major domestic credit rating agencies.
MD Ajai Shukla noted that the mortgage business typically picks up starting from Ganesh Chaturthi, making the second half of the financial year much stronger than the first half.
