PNB Housing Finance Limited — Credit Ratings, 25-08-2026: Credit Rating

PNB Housing Finance's credit rating for NCDs and Bank Loans has been upgraded by ICRA to 'ICRA AAA/Stable' from 'ICRA AA+/Stable'. This upgrade reflects PNBHFL's strengthening credit profile, improved asset quality, and transition to a retail-focused mortgage business. Key factors include comfortable capitalisation and continued support from Punjab National Bank.