National Housing Bank (NHB) has imposed a penalty of Rs 80,000 plus GST on PNB Housing Finance, one of the top housing finance companies in India  for non-compliance with policy circular no. 58 and 75 regarding disbursement of home loans in the year 2015 for the projects namely "Pushpban" and "Chaitraban" situated at Village Pirangute, Taluka Mulshi, District Pune (Project) duly promoted and developed by DSK.

The Company has made a representation to NHB on June 14, 2021 to re-consider the penalty as this matter was earlier dealt with by the NHB in October 2019 and a caution advise was then issued.

Shares of the company declined Rs 38.80, or 4.99%, to settle  at  Rs 738.05.  The total volume of shares traded  was 30,980 at  the BSE (Tuesday).