PNB Housing Finance Limited announced that it has incorporated a wholly owned subsidiary named as Pehel Foundation. The foundation was registered with the Registrar of Companies, NCT of Delhi and Haryana on October 14,2019 with an authorised capital of INR 1 million and paid up capital of INR 0.5 million. 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 Limited and its subsidiary PHFL Home Loans & Services ltd.