PNB Housing declares Rs 421.81 Cr fraud in one borrower account

Fraud confirmedRegulatory & Legal View source PDF Explain this filing

PNBHOUSING · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹1098.80

prior close

₹1095.90

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.4%-1.0% vs market

Housing Finance Company peers, median of 17sector-0.5%+0.0% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and in line with its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

-0.0

15m

-0.1

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.4-1.0-0.5+0.0

Next day

-1.7-0.9-0.8-2.3+0.6

-2.9-2.1-0.9-3.4+0.5

-3.4-2.3-1.0-4.5+1.1

-2.1-1.1-1.0-2.5+0.4

-2.4-1.6-0.8-3.9+1.6

-6.0-1.0-5.0-4.0-2.0

15d

+4.3+2.0+2.3-7.3+11.6

+6.5+2.2+4.3-9.6+16.1

+3.6+1.4+2.2-10.5+14.1

+4.3-5.4+9.7-18.5+22.8

UpDownMarket · Nifty Smallcap 250Sector · Housing Finance Company peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

PNB Housing Finance has declared a fraud of Rs 421.81 Crore involving borrower M/s Happy Home Corporation. Credit facilities were sanctioned and disbursed between 2016 and 2021. The accounts were already classified as NPAs and fully written off in FY 2022-23, so there is no further financial impact. The matter has been reported to NHB, and legal action is being pursued.

Likely market impact

No fresh financial hit since loans were already written off in FY23. Reported to NHB and legal action underway. Sentiment impact likely minor.