Lenders reliant on CRE face tough road Rep. French Hill hosted an all-day discussion Monday (June 17) at the local offices of the Arkansas Bankers Association (ABA) to hear concerns about key legislative and regulatory issues facing arkansas’ financial and banking community.
MUMBAI: State-run Punjab National Bank Thursday said it has terminated the agreements with general atlantic group and Varde Partners to sell its stake in PNB Housing Finance ().The bank, in a filing to the exchange, said it will continue to be the sole promoter of PNB Housing Finance post the termination of the pacts, and stay strategically invested in its housing finance arm.
PNB Housing Finance Limited. The company is promoted by Punjab National Bank and is registered with state owned bank and regulation authority of India – National Housing Bank (NHB). The company provides housing loans & loan against property as a part of its product portfolio and also holds the license to accept public deposits.
Punjab National Bank said today that it will divest stake in its subsidiary PNB Housing Finance and other entities like BSE, ICRA and Crisil depending on market conditions.
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PNB signals recovery, eyes profit Punjab National Bank (PNB), which recently reported a huge loss, is aiming to clock profit in the July-August this year, reports Business Standard. Carlyle to sell.
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New Delhi: State-run Punjab National Bank (PNB) on Friday said it will sell its partial stake in PNB Housing Finance to global private equity firm General Atlantic Group and alternative investment.
Alternative investment firms General Atlantic and Värde Partners have agreed to buy a 13.1% stake in PNB Housing Finance Ltd for Rs 1,851.6 crore ($268 million). PNB Housing’s parent, state-run Punjab.
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PNB to sell stake in PNB Housing to General Atlantic, Varde. – NEW DELHI: State-run Punjab National Bank Friday said it will sell its partial stake in PNB Housing Finance to global private equity firm General Atlantic Group and alternative investment firm Varde Partners for Rs 1,851.6 crore. PNB has entered into agreements in relation to the said transactions Friday, the public sector bank said in a regulatory filing.
Last month, state-owned Punjab National Bank announced that it will sell 13 per cent stake in PNB Housing Finance for Rs 1,850 crore ($270 million) to global private equity firm General Atlantic Group.
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Shares of PNB Housing Finance may. of 6.5 per cent stake of the HFC by General Atlantic Singapore HF Pte Ltd. Punjab National Bank, promoter of PNB HFC, had entered into a deal to sell a 13 per.