CRISIL Reaffirms PNB Housing Finance's Ratings at 'AA+/Stable' and 'A1+'

Source |14:14 28 May 25

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CRISIL Ratings has reaffirmed PNB Housing Finance Limited's long-term debt instruments, fixed deposits, Lower Tier II Bonds, and Non-Convertible Debentures at 'CRISIL AA+/Stable'.
The rating on the short-term bank facilities and Commercial Paper has been reaffirmed at 'CRISIL A1+'.
The reaffirmation factors in strong capitalization, established market position, and a comfortable earnings profile.
PNB's continued association as a promoter benefits PNB Housing in a trust-sensitive environment.
PNB Housing's net worth increased to ₹ 16,863 crore as on March 31, 2025, from ₹ 14,974 crore as on March 31, 2024.
Tier-I and overall capital adequacy ratio (CAR) stood at 28.4% and 29.4%, respectively, as on March 31, 2025.
Asset under management (AUM) reached ₹ 80,397 crore as on March 31, 2025, compared to ₹ 71,243 crore as on March 31, 2024.
Disbursements in fiscal 2025 were ₹ 21,972 crore, the highest since fiscal 2020.
The share of retail in the own loan book increased to approximately 99% as on March 31, 2025.
Return on managed assets (ROMA) improved to 2.3% in fiscal 2025 from 2.0% in fiscal 2024.
Gross Stage III assets declined to 1.08% (₹ 816 crore) as on March 31, 2025, from 1.50% (₹ 984 crore) as on March 31, 2024.
The company had liquidity of ₹ 6,549 crore as on March 31, 2025.
CRISIL has withdrawn its rating on the redeemed non-convertible debenture (NCD) of ₹ 150 crore and ₹ 200 crore of lower Tier II bonds.

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