PNBHFL is a public housing finance company headquartered in New Delhi. The company is a subsidiary of Punjab National Bank and is registered under the regulatory body, National Housing Bank (NHB). Its key products include loans against properties and various other housing loan plans. It is also licensed to collect public deposits and functions like any other bank in the country. The company’s fixed deposit system has been rated “FAAA Stable” by CRISIL, which means it adheres to the highest standards of safety when it comes to deposits.

In December 2009, PNB sold a 26 percent stake to DEPL. But in February 2015, DEPL sold its entire stake to Quality Investments Holdings, an initiative by the Carlyle Group, a global investment firm. DEPL held 49 percent of the stake in PNBHFL at that time. The remaining 51 percent stake stayed with Punjab National Bank. It was November 2016 when PNB decided to go public by issuing equity shares and trading them on the National Stock Exchange as well as the Bombay Stock Exchange.

The company operates out of more than 60 locations spanning the country and had a network of 84 branches and 36 offices as of March 2018. Of these 36 offices, 21 are located in major cities including New Delhi, Bengaluru, Chennai, Chandigarh, Jaipur, Dehradun, Lucknow, Kolkata, Cochin, Coimbatore, Mumbai, Thane, Pune, Ahmedabad, Indore, and Hyderabad. In addition to offering housing loans and other types of loans, the company also offers several other services on the doorstep through its Direct Sales Team Channel as well as its Digital Marketing Associates and Digital Medium.