PNB Housing Finance is an Indian housing finance company that aims to grow by 17% next fiscal year  by increasing branch networks and affordable housing loans. The finance company had previously  opened over 100 branches to expand business including the affordable loading segment. A report by  PTI mentioned that the Managing director of PNB Housing Finance, Girish Kousgi said that the  company has enough capital to achieve this target.  

The company raised capital through the right issue last year, so they don’t need capital for 2-3 years.  PNB Housing also reported a loan book of Rs 63,000 crore and is aiming to grow by 17% with a focus  on the affordable segment. In just 5 months, the affordable housing loan book reached at Rs 1,790  crore. Meanwhile, Finance’s corporate loan book saw a decrease of 46% in FY24.

After three years of  break, the company will increase corporate lending this year. Previously opened 100 branches by PNB  will also help the company to expand its business with affordable segments. PNB Housing Finance now  owns over 300 branches across the Country. During the current Fiscal year, 50 more branches will be  added to focus on the affordable loan market. 

PNB Housing Finance has assets under management of Rs 65,000 crore with Rs 2,000 crore related to  corporate lending. As the company is aiming for an affordable loan market, the PNBHFL is reported to  have plans to open 50 new branches to focus on this segment. Girish Kounsi mentioned focusing on  an emerging vertical that was started this year. In an interview with Businessline, the company  mentioned that scaling up affordable followed by emerging and prime will be the main focus area for  this year. PNBHF reported a 57.27% increase in consolidated net profit for the March  2024 quarter at ₹439.25 crore. In the December 2023 quarter, consolidated net profit stood at ₹338.44  crore. 

Conclusion: 

PNB Housing Finance aims to grow by 17% next fiscal year by increasing branch networks and  affordable housing loans. The finance company had previously opened over 100 branches to expand  business including the affordable loading segment. After three years of break, the company will  increase corporate lending this year. Previously opened 100 branches by PNB will also help the  company to expand its business with affordable segments. PNB Housing Finance now owns over 300  branches across the Country. During the current Fiscal year, 50 more branches will be added to focus  on the affordable loan market.

PNB Housing Finance has assets under management of Rs 65,000 crore  with Rs 2,000 crore related to corporate lending. As the company is aiming for an affordable loan  market, the PNBHFL is reported to have plans to open 50 new branches to focus on this segment. The company focuses on scaling up affordable followed by emerging and prime for this fiscal year. The  Managing director of PNBHF, Girish Kousgi said that the company has enough capital to  achieve this target.