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9	9	* NPAs spiked to 6 percent of the gross advances by June 30, 2021, from 2.76 percent a year ago.
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12	12	= Company Overview =
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24	24	As on March 31, 2021, the Company has presence through 94 branches, 17 outreach locations, totalling to 111 distribution outlets. The Company also has 22 underwriting hubs for credit decision making.
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27	27	== Products and Offerings ==
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85	85	The housing finance sector is positioned attractively in the coming years driven by strong demand, especially in the affordable housing sector. This is further reinforced by the fact that a number of A-rated builders in the country are moving towards affordable housing segment driven by the Tax SOPs offered by the government. On the other hand, the extension of the CLSS scheme by the Government of India for the affordable housing segment is expected to drive growth within the sector. Additionally, following the pandemic, there has been an increasing trend of owning homes, which is also aiding in driving the housing finance sector in the country. Mortgage penetration in India continues to be lowest when compared with the developed countries, which indicates strong growth opportunity for the sector in the coming years.
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89	89	= Business Overview =
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143	143	As on March 31, 2021, being prudent considering the external challenges of higher delinquencies on account of COVID-19 disruption and degrowth in the overall portfolio, the company made provisions of Rs 778 crores during the year resulting in total provision of Rs 2,544 crores as on March 31, 2021. The company's total provision to total assets stood at 4.1%, increased from 2.6% as on March 31, 2020. The provision coverage ratio for Stage 3 moved up to 45.2% as on March 31, 2021 from 36.2% as on March 31, 2020.
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146	146	= Financial Highlights =
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179	179	The Company has raised Rs 7,289 crores of fresh deposits during the year. The outstanding deposits (including inter corporate deposits) as at March 31, 2021, were Rs 17,129 crores as against Rs 16,470 crores (including inter corporate deposits) outstanding last year, registering a growth of 4%.
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182	182	== June 30, 2021 Result ==
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184	184	August 05, 2021; PNB Housing Finance its consolidated net profit fell over 5 percent to Rs 243.28 crore for the first quarter ended June 30, as the business was impacted due to the second wave of the coronavirus pandemic.{{footnote}}https://www.moneycontrol.com/news/business/earnings/pnb-housing-finance-q1-net-profit-down-5-at-rs-243-crore-covid-second-wave-hits-business-7285021.html{{/footnote}}