PNB Housing in Q2 earnings reported a sharp increase in yields sequentially which reflected in improved margins. “We should be in a position to improve the yields going forward,” said Hardayal Prasad, MD & CEO of PNB Housing Finance.

“If you look at the moratorium book and the billing that we have done in the last month at 95 percent, there is a significant number of people who have been repaying us now. If that goes on, we should be in a position to hold on to our asset quality. If the asset quality is held, and if we are able to improve our collection machinery, we should be in a position to improve the yields going forward,” Prasad told CNBC-TV18.

Prasad also said that 81 percent of people who availed of the moratorium have repaid at least one or two EMIs. “Housing being a very emotional product, people have a mortgage based loan, and that is the first priority to repay the loan. That is what we are seeing in terms of recoveries that are coming in,” he said.

Prasad added that they have pared down their overall corporate book. He further added that the focus has completed shifted on the retail book.

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(Edited by : Ajay Vaishnav)