PNB Housing Finance board approves Rs 2000 crore fundraising plan

The mortgage lender said it would also be evaluating other alternatives to raise capital. Its capital adequacy ratio stood at 20.7% at the end of September, higher than regulatory stipulation of 15%. “The primary objective is to raise capital to support the growth of the company,” the company said.

from Banking/Finance-Industry-Economic Times https://ift.tt/3w7yxkF