Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
PNB Housing Finance Limited ( (IN:PNBHOUSING) ) has shared an announcement.
PNB Housing Finance Limited has reported that it has identified and declared a fraud related to the account of M/s Sarv Realtors Private Limited amounting to Rs 237.43 crore, in line with regulatory requirements under SEBI’s Listing Regulations. The company has clarified that this account had already been written off in the financial year 2022-23, and therefore the fraud identification is not expected to have any material impact on its overall financials or operations, while it continues to pursue appropriate legal action and has informed the National Housing Bank.
More about PNB Housing Finance Limited
PNB Housing Finance Limited is a housing finance company based in India, engaged in providing retail and wholesale housing loans and related financial services. The company focuses on home loans, loan against property and construction finance, operating under the regulatory framework for housing finance institutions and listed on major Indian stock exchanges.
Average Trading Volume: 49,138
Technical Sentiment Signal: Strong Buy
Current Market Cap: 250.3B INR
Find detailed analytics on PNBHOUSING stock on TipRanks’ Stock Analysis page.