Mumbai, January 22, 2026: Shares of PNB Housing Finance Limited came under pressure in early trade on Thursday, slipping more than 3 percent, after the company disclosed a fraud involving a corporate borrower with exposure of ₹237.43 crore.
Stock Price Movement
PNB Housing Finance was trading at ₹896.55, down ₹34.00 or 3.65 percent, as of 09:22 am IST. The stock opened lower at ₹925 and touched an intraday high of ₹925 before slipping to a low of ₹873.85. The sharp intraday volatility reflected investor reaction to the latest disclosure.Borrower Fraud Disclosure
The company informed stock exchanges that it has identified and declared a fraud involving M/s Sarv Realtors Private Limited, amounting to ₹237.43 crore. According to the company, the account in question was already written off in FY23, and therefore does not have any material impact on the company’s overall financials or ongoing operations. The matter has been reported to the National Housing Bank, and the company has initiated appropriate legal action to recover dues.About the Company
PNB Housing Finance Limited is a listed housing finance company engaged in providing retail and corporate housing loans across India. The company’s equity shares are listed on the BSE and NSE under the symbol PNBHOUSING, and it remains one of the prominent players in the domestic housing finance segment.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.