PNB Housing Finance gains 5% as NHB sanctions Rs 3,500cr refinance facility
Monday, November 12, 2018, 12:33 PM
Shares of PNB Housing Finance gained 5.3 percent intraday Monday after it obtained refinance sanction of Rs 3,500 crore from the National Housing Bank (NHB) in October, 2018. The funds will be utilized for the specific sector wise disbursements / end uses as per norms of the respective NHB refinance schemes. The share price fell 30 percent in the last 1 year.