PNB

PNBHF Finalized Capital Infusion for the Purpose of Strengthening Equity Buffer

According to India Ratings & Research the infusion of capital in the PNB Housing Finance Limited will lead to increase in the equity buffers of the Company. According to Ind-Ra PNB is under the stressed financial situation which is due to the challenging environment of the Bank due to the COVID 19. The capital infusion is higher in comparison to the previously planned infusion. Carlyle Group is becoming the largest shareholder.