In an interview to CNBC-TV18, Sanjaya Gupta, MD of PNB Housing Finance spoke about results and gave his outlook for the future.
The 10-year bond yield has spiked close to 7.3 percent this morning. In an interview to CNBC-TV18, Sanjaya Gupta, MD of PNB Housing Finance assessed the impact on their cost of borrowing.
PNB Housing Finance reported a good quarter; the stock is higher in trade. In an interview to CNBC-TV18, Sanjaya Gupta, MD of PNB Housing discussed the company's quarterly performance.
In an interview to CNBC-TV18, Sanjaya Gupta, MD of PNB Housing Finance spoke about the results and his outlook for the company.
Despite seeing a slowdown in housing loans, the management of PNB Housing Finance is confident of a better than industry growth rate and also maintaining margins at the current level. “We are doing very well and I think our growth rates will be far smarter than the industry growth rates,” Sanjaya Gupta, MD of PNB Housing Finance told CNBC-TV18.
We are a retail story, 82 percent of the book is contributed by retail customers, said Sanjaya Gupta, MD, PNB Housing Finance.
PNB Housing Finance had a net interest margin (NIM) of around three percent and it will remain at the same level going forward, said MD Sanjaya Gupta in an interview to CNBC-TV18.
Speaking to CNBC-TV18, Sanjaya Gupta, Managing Director of PNB Housing Finance, said the retail segment had driven loan growth in the third quarter.
Speaking to CNBC-TV18 Sanjaya Gupta, MD of PNB Housing Finance said that he expects the market size in the housing finance sector to get re-defined next year.