PNB Housing Finance Limited — Credit Ratings, 28-11-2025: Credit Rating

PNB Housing Finance's ratings by ICRA for various instruments were reaffirmed at [ICRA]AA+ (Stable). ICRA also assigned this rating for enhanced long-term bank facilities, now totaling 10,000 Cr. This reflects PNBHFL's established market position, strong support from Punjab National Bank, healthy capitalisation (CAR 29.8%), and improved asset quality with Gross Stage 3 assets at 1.0%.