PNB Housing Finance anticipates a minor enhancement in net interest margin due to the Reserve Bank’s recent rate hike. The lender’s margin improvement is expected to be between 5 to 8 basis points and will benefit customers through cheaper loans. The company is also experiencing positive demand momentum in the housing finance sector. Additionally, PNB Housing Finance has received a credit rating upgrade to AAA/Stable from Crisil.
Read more at The Economic Times
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