PNB Housing Finance (PNBHOUSI IN) India
Financials
Iii’s interactions with DSAs (Direct Selling Agents) raises alarms with regards to the company’s lending practices especially in the affordable housing segment. While affordable housing as a total book may be small, Iii anticipates pressure on NIMs and growth. Recent regulatory actions involving companies like Kotak, IIFL and Paytm have resulted in substantial declines in their respective stock prices.
Edition: 185
- 03 May, 2024