India, Jan. 15 -- PNB Housing Finance has incorporated a wholly owned subsidiary named as Pehel Foundation. The foundation has received the commencement of business (COB) certificate from the Ministry of Corporate Affairs however, it is yet to start its operation.

Pehel Foundation has been incorporated, primarily, to implement various CSR programs of PNB Housing Finance and its subsidiary PHFL Home Loans & Services. The foundation was registered with the Registrar of Companies, NCT of Delhi and Haryana on October 14, 2019 with an authorised capital of Rs 10 lakh and paid up capital of Rs 5 lakh.

PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corpo...