PROJECT

Projects

Summary of Investment Information

Project Number

40989

Company Name

P N B Housing Finance Limited

Date SPI Disclosed

Feb 15, 2018

Country

India

Region

South Asia

Projected Board Date

Mar 26, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Sep 13, 2024

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Mar 22, 2018
Signed : Mar 31, 2018
Invested : Jul 25, 2019

Sector

Primary Mortgage Institutions

Project Description

  The proposed project envisages a debt investment in PNB Housing Finance Limited.  (“PNB HFL” or the “Company”) which  is  the 5th largest HFC (by loan assets) and 2nd largest HFC (by deposits) in India with asset under management (AUM) of ~US$9 billion as of December 2017. The investment proceeds from the proposed project by IFC would be used to finance retail buyers/developers of affordable housing as per the PMAY scheme and to developers of green buildings.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation