The Company was incorporated as "PNB Housing Finance Private Limited" on November 11, 1988, as a private limited company under the Companies Act 1956, with a certificate of incorporation granted by the RoC. Pursuant to conversion of the Company to a public limited company, the name was changed to "PNB Housing Finance Limited" and the RoC certified the change of name upon conversion to a public limited company on December 30, 1989. Awards and accreditations 2016 - Awarded for Excellence in Corporate Social Responsibility by the Dainik Bhaskar Group. 2016 - Recognized as ET Best BFSI Brands 2016 by Economic Times 2015 - Awarded for contribution to corporate social responsibility by CREDAI 2015 - Best Apprenticeship / On the Job training program Gold Award at the 7th Annual Tata Institute of Social Sciences. 2014 - Recognised by Microsoft for being a pioneer investor in Cloud Services and Solutions in India. 2014 - National Award for excellence in Talent Management 2014. 2014 - Awarded for its Significant Contribution to Housing for the year 2013-2014 by Housing and Urban Development Corporation Limited. 2014 - Awarded for successful completion of 25 years of service by Dun & Bradstreet. 2013 - Awarded Special Commendation Award during the Best Change Interventions of Asia Seminar & Awards. Major events and milestones 1988 - Incorporation of the Company. 2003 - The Company was notified under the SARFAESI Act. 2006 - Crossed the Rs. 10,000.00 million loan portfolio. 2009 - PNB sold 26% of its stake in the total issued, subscribed and paid-up share capital of the Company to DEL. 2010 - Launched the business process re-engineering project, Kshitij. 2012 - DEL increased its shareholding to 49% in the Company, pursuant to the conversion of CCDs issued to DEL in 2009. - Gross and net NPAs were brought lower than 0.50% of the asset portfolio. 2013 - Crossed Rs.10,000.00 million retail deposits. - AA rating by CRISIL of the NCDs and bank term loans and FAAA rating for the deposits. 2014 - Profit after tax crossed Rs.1,000.00 million and the portfolio crossed Rs.100,000.00 million. - AAA rating by CRISIL for NCD Borrowing program. 2015 - Implemented end-to-end Enterprise System Solution. - AAA rating by ICRA and India Ratings (Fitch Group) for NCD borrowing program. 2016 -PNB Housing once again bags the `Housing Finance Company of the Year' award at the 9th Annual Estate Awards 2016. -PNB Housing was awarded `Certificate of Merit' as `Housing Finance Company of the Year' by CMO Asia at ABP News Presents Real Estate Awards. -PNB Housing wins award for `Brand Excellence in the NBFC Category' at The Economic Times Best BFSI Brands 2016. -PNB Housing awarded for contribution towards CSR at the India Pride Awards - 2016. -PNB Housing Finance Inaugurates 9th branch in Delhi -PNB Housing inaugurates first branch in Thrissur, Kerala 2018 -PNB Housing Finance Regional office inauguration in Coimbatore -PNB Housing wins Gold at FICCI's Best Animated Frames (BAF) Awards 2018 2019 -PNB Housing plans more day-care centres for children of construction workers across South India --PNB Housing Finance Converting home loan into marketable security for ease liquidity -LIC invests INR 2500 Crore in PNB Housing Finance Limited through NCDs 2020 -PNB Housing Finance agreement with JICA and citibank based on the fecility for accelerating financial inclusion -PNB Housing Launches New Online Home Loans Campaign to complete all home loan formalities online -PNB Housing Finance signs MoU with IIT Delhi 2021 -PNB Housing Finance launches unique ad campaign Ghar Jaane ki Khwahish to create awareness about unique `Unnati Home Loans 2022 -PNB Housing Finance approves draft letter of offer for proposed rights issue. 2023 -Company issued rights shares of Rs. 10 in the ratio of 29:54 at a premium of Rs. 265 per share. -PNB Housing Launch of its 100th Affordable Branch & First All - women Branch.