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PNB Housing Finance’s effective tax rate to come down by 8-9%

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.

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