PNB Housing Finance Limited — Credit Ratings, 03-07-2026: Credit Rating

PNB Housing Finance's ratings were largely reaffirmed by CARE Ratings. New Non-Convertible Debentures of ₹2,754 Cr received 'CARE AAA; Stable'. Other instruments, including ₹18,600 Cr long-term bank facilities and existing NCDs, were reaffirmed at 'CARE AAA; Stable' or 'CARE A1+'. This assessment stems from strong PNB promoter support, solid market position, improving asset quality, and comfortable capitalization.