Credit Rating

Ref: PNBHFL/SE/EQ/FY2026-27/34 July 03, 2026 The BSE Limited The National Stock Exchange of India Limited Listing Department, Listing Department Phiroze Jeejeebhoy Towers, “Exchange Plaza” Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400051 Mumbai – 400001 Symbol: PNBHOUSING Scrip Code: 540173 Dear Sir/Madam, Sub: Intimation of Credit Rating – Care Ratings Assigns Additional Bank Loans and Non- Convertible Debentures ‘CARE AAA’/Stable; Reaffirms Existing Ratings This is to inform you that CARE Ratings Limited (“CARE Ratings”) has assigned a rating of ‘CARE AAA’ (Stable) to the additional bank facilities and Non-Convertible Debentures and has also reaffirmed the existing ratings. The details of the ratings are as under: Facilities/Instruments Amount (₹ crore) Rating Rating Action Long Term Bank 18,600.00 CARE AAA; Stable Reaffirmed Facilities (Enhanced from 15,600.00) Long Term / Short 16,400.00 CARE AAA; Stable Reaffirmed Term Bank Facilities / CARE A1+ Bonds 500.00 CARE AAA; Stable Reaffirmed Bonds 2,000.00 CARE AAA; Stable Reaffirmed Non-Convertible 2,754.00 CARE AAA; Stable Assigned Debentures Non-Convertible 4,984.30 CARE AAA; Stable Reaffirmed Debentures (Reduced from 5,206.30) Tier II Bonds 39.70 CARE AAA; Stable Reaffirmed Fixed Deposit 25,000.00 CARE AAA; Stable Reaffirmed Commercial Paper 10,000.00 CARE A1+ Reaffirmed *Details of NCDs are provided in Annexure – 1. Detailed Rationale for the Rating Action CARE Ratings Limited has assessed PNBHFL’s consolidated profile considering linkages with its promoter, Punjab National Bank (PNB; rated at CARE AAA; Stable/ CARE A1+ and CARE AA+; Stable for Tier I Bonds). PNB is the largest shareholder in PNBHFL and has stated its intent to provide need-based unconditional support to PNBHFL in exigency. PNBHFL shares its promoter’s brand “PNB” and logo and is subject to oversight from PNB on its risk, compliance, and other functions. PNB is expected to continue to hold over 26% stake in PNBHFL with promoter status. Ratings assigned to the various instruments and bank facilities of PNB Housing Finance Limited (PNBHFL) factors in PNBHFL’s strong market position, with an established track record in the housing finance sector as third-largest housing finance companies in terms of assets under management (AUM). PNBHFL has demonstrated sequential improvement in its asset quality while consistently maintaining comfortable capitalisation and a diversified funding profile. CareEdge Ratings notes that PNBHFL entered the relatively high-yield affordable housing finance segment about three years ago, which has grown at a rapid pace; hence, that book is yet to fully season. The company’s ability to scale up the segment and maintain asset quality and profitability as it seasons will remain a key monitorable. Regd. Office: 9th Floor, Antriksh Bhawan, 22 K G Marg, New Delhi – 110 001 Phone: 011-66030500, E-mail: investor.services@pnbhousing.com, Website: www.pnbhousing.com CIN: L65922DL1988PLC033856 For detailed rating rationale the letter of CARE Ratings is attached herewith as an Annexure - 2. The above intimation and document shall also be made available on the website of the Company at https://www.pnbhousing.com/ This intimation is pursuant to Regulation 30, 51(2) and 55 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the above intimation and documents on record. Thanking You, Yours faithfully, For PNB Housing Finance Limited Veena G Kamath Company Secretary Encl: As above. Regd. Office: 9th Floor, Antriksh Bhawan, 22 K G Marg, New Delhi – 110 001 Phone: 011-66030500, E-mail: investor.services@pnbhousing.com, Website: www.pnbhousing.com CIN: L65922DL1988PLC033856 Annexure 1 Details of outstanding NCDs: Sl. ISIN Name of Credit Outlook Rating Specify Date of Credit Verification Date of No. the Credit rating (Stable/ Action other rating status verification Rating assigned Positive/ (New/Upgrad rating of Agency Negative/ e/ action Credit No Downgrade/ Rating Outlook) Re- Agencies Affirm/Other) 1 INE572E09627 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 2 INE572E07068 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 3 INE572E07233 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 4 INE572E07241 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 5 INE572E07258 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 6 INE572E07266 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 7 INE572E07290 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 8 INE572E07225 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 9 INE572E07217 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 10 INE572E07209 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 11 INE572E07191 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 12 INE572E07183 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 13 INE572E07175 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 14 INE572E07167 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 15 INE572E07159 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 16 INE572E07142 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 17 INE572E07126 CARE Ratings CARE AAA Stable Reaffirmed NA July 03, 2026 Verified July 03, 2026 Regd. Office: 9th Floor, Antriksh Bhawan, 22 K G Marg, New Delhi – 110 001 Phone: 011-66030500, E-mail: investor.services@pnbhousing.com, Website: www.pnbhousing.com CIN: L65922DL1988PLC033856 Press Release PNB Housing Finance Limited July 03, 2026 Facilities/Instruments Amount (₹ crore) Rating1 Rating Action 18,600.00 Long Term Bank Facilities CARE AAA; Stable Reaffirmed (Enhanced from 15,600.00) Long Term / Short Term Bank Facilities 16,400.00 CARE AAA; Stable / CARE A1+ Reaffirmed Bonds 500.00 CARE AAA; Stable Reaffirmed Bonds 2,000.00 CARE AAA; Stable Reaffirmed Non-Convertible Debentures 2,754.00 CARE AAA; Stable Assigned 4,984.30 Non-Convertible Debentures CARE AAA; Stable Reaffirmed (Reduced from 5,206.30) Tier II Bonds 39.70 CARE AAA; Stable Reaffirmed Fixed Deposit 25,000.00 CARE AAA; Stable Reaffirmed Commercial Paper 10,000.00 CARE A1+ Reaffirmed Details of instruments/facilities in Annexure-1. The list of facilities / instruments falling under the purview of various financial sector regulators (FSRs), along with the names of respective FSRs has been disclosed under Annexure-7. Rationale and key rating drivers CARE Ratings Limited (CareEdge Ratings) has assessed PNBHFL’s consolidated profile considering linkages with its promoter, Punjab National Bank (PNB; rated at CARE AAA; Stable/ CARE A1+ and CARE AA+; Stable for Tier I Bonds). PNB is the largest shareholder in PNBHFL and has stated its intent to provide need-based unconditional support to PNBHFL in exigency. PNBHFL shares its promoter’s brand “PNB” and logo and is subject to oversight from PNB on its risk, compliance, and other functions. PNB is expected to continue to hold over 26% stake in PNBHFL with promoter status. Ratings assigned to the various instruments and bank facilities of PNB Housing Finance Limited (PNBHFL) factors in PNBHFL’s strong market position, with an established track record in the housing finance sector as third-largest housing finance companies in terms of assets under management (AUM). PNBHFL has demonstrated sequential improvement in its asset quality while consistently maintaining comfortable capitalisation and a diversified funding profile. CareEdge Ratings notes that PNBHFL entered the relatively high-yield affordable housing fin [Showing first 8,000 characters — download PDF for full document]