Punjab National Bank will continue as a promoter of PNB Housing Finance Ltd (PNBHFL) even after the mortgage lender completes its rights issue

Post-rights issue, the holding of the bank (in PNBHFL) would come down below 30%, but would be kept above 26% so that bank retains promoter status
**Presently, the bank doesn’t have any plan to sell its stake in PNBHFL,” Goel said. He, however, added that PNB will go ahead with its monetization plans, as some non-core activities have been identified after the merger of Oriental Bank of Commerce and United Bank of India with PNB**

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