The fund raising move comes days after CARE Ratings placed various facilities of the housing finance company under “credit watch”. The PNB Housing board will meet on May 9 to consider the results for the quarter ended March 31, 2019. However, it said the ability of the housing finance company to maintain its asset quality, profitability, capital adequacy and liquidity position remain key rating sensitivities. The bad loans for the wholesale loan book of PNB Housing Finance was nil as of December 31, 2018. The news led to shares of PNB Housing Finance finishing weaker on Thursday.

Source: The Telegraph May 02, 2019 19:36 UTC