PNB Housing Finance’s effective tax rate is going to come down by 8-9 percentage points following the government’s decision to slash corporate tax rate. For 2018-19, the effective tax rate of PNB Housing Finance on consolidated basis was 31.30 per cent.
PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.
