PNB Housing Finance declares 20% dividend for 2007-08

NEW DELHI: PNB Housing Finance Ltd, housing finance arm of Punjab National Bank on Wednesday declared 20 per cent dividend for 2007-08.

The board also approved the first quarter results ended June 2008 during which the company posted 28 per cent increase in its net profit at 10.4 crore, PNB Housing Finance said in a release.

The company has sanctioned fresh loans of Rs 144 crore during the first quarter, it said, adding, the company is looking at higher business volume in the coming months.