After witnessing a shrinkage in assets under management (AUM), in FY21, PNB Housing Finance (HF) is taking a look at single digit progress in AUM and a 15-16 per cent progress in disbursement in FY22.
The emphasis will likely be on reasonably priced housing sgement. The disbursement grew by 50 per cent to about Rs 3,900 crore in Q4FY21. The AUM progress could be in single digits within the present monetary yr and rise to double digits within the subsequent yr, firm executives stated in an analyst name after Q4FY21 outcomes had been introduced.
The Delhi-based mortgage lender’s AUM shrank from Rs 83,346 crore as on March 31, 2020 to Rs 74,470 crore as on March 31, 2021. The mortgage e-book decreased from Rs 67,571 crore at finish of March 2020 to Rs 62,256 crore at finish of March 2021.
The retail loans contribute 84 per cent and company loans contribute 16 per cent of the AUM. The company e-book in absolute phrases fell by 19 per cent in FY21 on account of promote down/accelerated fee/scheduled reimbursement, PNB HF stated in a press release.
Gross Non-Performing Property (NPA) rose to 4.44 per cent in March 2021 as in opposition to 2.75 per cent in March 2020. Web NPAs had been up at 2.43 per cent in March 2021 from 1.75 per cent as on March 31, 2020.
In the meantime, PNB HF posted a web revenue of Rs 127 crore in Q4FY21 as in opposition to a web lack of Rs 242 crore within the corresponding interval final yr. For FY21, the online revenue rose by 44 per cent to Rs 930 crore from Rs 646 crore in FY20.
The corporate’s board determined in opposition to recommending dividend for 2020-21 as a result of present financial situation. Its capital adequacy ratio stood at 18.73 per cent at finish of March 2021.