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In Q2FY25, PNB Housing Finance reported a robust net profit of Rs 470 crore, reflecting a 23% year-on-year growth. With significant improvements in asset quality and an 11% increase in assets under management, the company is making strides in the retail loan sector. This post delves into the key factors behind its impressive performance and the market's reaction to the results.
Piramal Finance, a leading non-bank lender in India, celebrates a significant milestone as its retail assets under management surpass the Rs 50,000 crore mark. This achievement reflects a robust 132% growth in retail loans since March 2022, with a substantial focus on affordable housing, underscoring its commitment to supporting accessible housing solutions across the country. Learn how Piramal Finance has achieved a remarkable feat by exceeding Rs 50,000 crore in retail assets under management, driven by a strategic expansion in affordable housing financing. This milestone highlights Piramal Finance's pivotal role in the financial sector, particularly in fostering sustainable and inclusive growth through tailored lending solutions. Explore Piramal Finance's journey to surpassing Rs 50,000 crore in retail assets under management, propelled by a significant increase in retail loans, predominantly supporting affordable housing initiatives.