PNB Housing Finance .
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Recent DevelopmentsPNB Housing Finance is navigating a turbulent phase as Girish Kousgi’s resignation sends ripples through the market. Despite the upheaval, its Q1 FY25 performance underscores operational strength. Leadership Shock: Girish Kousgi resigned on July 30, 2025, with the board accepting it on July 31, effective October 28, 2025, citing personal reasons and a move to Bangalore. Stock Market Turmoil: Shares crashed 17% on August 1, 2025, hitting a four-month low of Rs 819.25 on the BSE, with trading volumes 17 times the 30-day average. Robust Financials: Q1 FY25 saw net profit rise to Rs 534 crore from Rs 433 crore, with net interest income up 17% to Rs 760 crore and gross NPAs at 1.06%.
Background & BiographyPNB Housing Finance, a key player in India’s housing finance sector, is backed by Punjab National Bank. The company’s journey reflects resilience, but recent events test its stability. Company Roots: Established in 1988 in Gurugram, PNB Housing is India’s third-largest housing finance company, with a Rs 80,000 crore loan book and 73% prime loans. Kousgi’s Legacy: Girish Kousgi, CEO since October 2022, drove a 3.2x stock surge from Rs 370 to Rs 1200, transforming the company’s retail loan portfolio. Market Standing: With a market cap of Rs 25,816 crore and a 28.1% promoter holding, it competes with LIC Housing Finance and HDFC Housing.
Social Media ReactionSocial media, especially X, is alight with reactions to PNB Housing Finance’s developments, reflecting investor panic and customer frustrations. The emotional stakes are high as stakeholders voice concerns. Stock Plunge Outcry: X users like @ThetaVegaCap noted, “PNB Housing down 15%... MD resign ahead of time,” capturing investor shock at the 17% drop. Financial Optimism: @REDBOXINDIA highlighted, “Q1 CONS NET PROFIT 5.33B RUPEES VS 4.33B,” praising growth but questioning leadership stability. Customer Grievances: Users like @thepranaysingh slammed the Ghaziabad branch for “worst and lazy staff,” amplifying service complaints. (Source: X posts) Promoter Clarification: @REDBOXINDIA shared PNB’s statement that Kousgi’s exit was due to personal reasons, not asset quality issues, calming some fears.
Public SentimentThe public’s response to PNB Housing Finance blends hope for its financial strength with unease over leadership and service quality. Emotional narratives on X reveal a divided audience. Investor Jitters: The 17% stock crash fuels fears of prolonged volatility, with X users urging swift CEO replacement to restore confidence. Service Complaints: Borrowers express frustration over high interest rates and poor branch experiences, particularly in Ghaziabad, eroding trust. (Source: X posts) Financial Confidence: The 23% profit growth reassures some, with stakeholders citing asset quality improvements as a sign of resilience. Transparency Demands: Calls on X for clarity on the CEO selection process reflect a desire for governance accountability. Regulatory Scrutiny: Public concerns about RBI policy compliance, especially on repo rate cuts, highlight fairness issues in loan pricing. (Source: X posts)
What Experts Are SayingIndustry analysts are dissecting PNB Housing Finance’s challenges and opportunities, offering balanced perspectives. Their insights guide investors through the uncertainty. Positive Outlook: Motilal Oswal recommends a buy with a Rs 1230 target, citing loan book growth and asset quality improvements. Cautious Optimism: Morgan Stanley retains an overweight rating but cut its target to Rs 1100, noting execution risks post-Kousgi’s exit. Bearish Warning: Anshul Jain from Lakshmishree Investment predicts further declines to Rs 751 if selling persists, citing panic-driven exits.
FAQs: People Also AskWhy did PNB Housing Finance’s CEO resign?
Girish Kousgi resigned on July 30, 2025, for personal reasons, effective October 28, 2025, to pursue opportunities in Bangalore. How did PNB Housing Finance perform in Q1 FY25?
Net profit rose 23% to Rs 534 crore, with total income at Rs 2,082 crore and net interest income up 17% to Rs 760 crore. Why did PNB Housing Finance shares crash?
Shares dropped 17% to Rs 819.25 on August 1, 2025, after Kousgi’s resignation, with trading volumes spiking 17x. What is PNB Housing Finance’s loan book size?
The company’s loan book is Rs 80,000 crore as of FY25, with 73% in prime loans. Who promotes PNB Housing Finance?
Punjab National Bank promotes the company, holding a 28.1% stake as of March 2025. What products does PNB Housing Finance offer?
It provides home loans, loans against property, commercial property loans, and fixed deposits across India. Is PNB Housing Finance a safe investment?
Analysts like Motilal Oswal are bullish, but risks include leadership uncertainty and market competition. How does PNB Housing Finance compare to competitors?
Its PE ratio of 12.6 and price/book ratio of 1.52 are competitive, but growth trails HDFC Housing.
Closing ThoughtsPNB Housing Finance’s CEO resignation, stock crash, and Q1 success keep it in the spotlight. Watch for the new CEO announcement and stock recovery signals. |
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