PNB Housing Finance Limited has informed the Exchange about General Updates
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PNB Housing Finance has disclosed that it received communication from National Housing Bank (NHB) on April 1, 2026, advising disclosure of divergence in asset classification for FY 2022-23. The NHB found that two corporate/project finance loan accounts had additional NPA of Rs. 933.58 crore due to non-compliance with restructuring guidelines, taking total Gross NPA to Rs. 3,204.94 crore. The issue arose because the company reduced interest rates on these loans as a commercial decision, which was not in compliance with NBFC-HFC directions. One loan of Rs. 598.39 crore has been fully closed, while another has been reduced from Rs. 335.19 crore to Rs. 67.39 crore and has remained regular. The company states there is no financial impact currently and this disclosure is being made as a good governance practice.
The disclosure reveals regulatory scrutiny on NPA classification but the company claims no financial impact. The additional Rs. 933.58 crore NPA identified by NHB could raise concerns about asset quality and provisioning adequacy, though both accounts are reportedly regular now.