Stating that PNB Housing has always had a conservative approach, Sanjaya Gupta, the managing director of PNB Housing Finance said that the growth on loan against property has been stable along with the credit quality on that portfolio.

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"Loan against property is not a regulated product and therefore different lenders have different nuances", he said.

Gupta said that the real concern was on liquidity position at the macro level. "The way the G-sec curves have been moving up, they are bound to adversely impact the entire housing finance sector. Most of the companies borrow about 50-55% from capital markets."

About corporate lending, he said the company has also been conservative in choosing the developers, the projects and market positioning of the projects, adding that they generally lend to mass market projects and avoid luxury-end projects.

The company raised about Rs 30,000 crore in the last 24 months and Rs 18000 in the last 12 months. "Only about 27-30 percent of borrowings will be re-priced in FY19", he said.

First Published:Mar 19, 2018 6:07 AM IST