PNB Finance and Industries Unlisted Share Price

PNB Finance and Industries Limited Unlisted Share - Company Overview

PNB FINANCE AND INDUSTRIES LIMITED is a Non-Banking Financial Company. It was first incorporated in 1894 under ‘Punjab National Bank Limited. The Banking business was acquired by the Central Government of India and the name of the company was changed to PNB Finance Limited. Later, the company made its path in the investment business and started investing in shares, bonds, debentures, and other securities. The company’s name was again changed to PNB Finance and Industries Limited in 1981. In the year 1998, the company became a Non-Banking Financial Company under the Reserve Bank of India.

In the present scenario, PNB Finance and Industries Limited is not engaged in any business operations, except the investment of surplus funds in low-risk instruments and earning income therefrom. The company does not carry on investment activities as a business operation and also it does not hold or/and accept Public Deposits. Mutual Funds account for the larger share of the investment portfolio of the Company.

The company has made big investments in equity shares of HDFC Bank Limited, Bennett Coleman & Co Limited, and Bennett Property Holdings Company Limited.

The Equity shares of PNB Finance And Industries Limited are listed on Delhi Stock Exchange and Calcutta Stock Exchange.

PNB Finance And Industries Details as of March 31, 2023

Incorporation Details of PNB Finance And Industries

Board of Directors of PNB Finance And Industries

Ashish Verma, Director

Govind Swarup, Director

Rakesh Dhamani, Director

Saumya Agarwal, Director

Shweta Saxena, Director

Particulars of Subsidiary Companies of PNB Finance And Industries

Shareholding Pattern of PNB Finance And Industries (As of 31-03-2023)

Industry Outlook

The NBFC sector has been facing increased regulatory oversight and push towards convergence with banks through various measures such as scale-based regulation, realignment in asset quality classification and Prompt Corrective Action norm. The incremental impact of the notification on NPA recognition however will be moderate as the maximum impact has already been seen in 3QFY22 figures and NBFCs are holding adequate provisions. Economic Survey 2022-2023 flags the consistent rise of NBFCs’ credit as a proportion to GDP as well as in relation to credit extended by SCBs. Supported by various policy initiatives, NBFCs could absorb the shocks of the pandemic. They built up financial soundness during FY22, marked by balance sheet consolidation, improvement in asset quality, augmented capital buffers and profitability. The continuous improvement in asset quality is seen in the declining GNPA ratio of NBFCs from the peak of 7.2 per cent recorded during the second wave of the pandemic (June 2021) to 5.9 per cent in September 2022, reaching close to the pre-pandemic level. Credit extended by NBFCs is picking up momentum, with the aggregate outstanding amount at ₹31.5 lakh crore as of September 2022. NBFCs continued to deploy the largest quantum of credit from their balance sheets to the industrial sector, followed by retail, services, and agriculture.