PNB Housing Finance has announced that Girish Kousgi, Managing Director and Chief Executive Officer, has tendered his resignation and will demit office effective 28 October 2025. Kousgi has chosen to pursue opportunities outside the organisation. He will work closely with the Board and senior management to ensure a seamless leadership transition during the interim period.

The Company reaffirmed its commitment to strategic growth, operational stability, and strong governance. It noted that the business continues on its defined trajectory, supported by the solid foundation laid under Mr Kousgi’s leadership. The Board expressed full confidence in the organisation’s experienced leadership team, which has been integral to delivering consistent performance across growth, asset quality, and profitability.

The Board will initiate a rigorous, transparent, and merit-based process to identify a new MD & CEO with strong industry expertise and leadership experience. R Chandrasekaran, Chairman of the Nomination and Remuneration Committee of the Board, said, “We are confident of finding the right candidate who will take PNB Housing Finance forward in its strategic direction and build long-term stakeholder value.”

The Board acknowledged and appreciated Kousgi’s contributions during his tenure. Promoted by Punjab National Bank, PNB Housing Finance remains India’s third-largest housing finance company and is committed to its long-term strategy, rooted in robust risk management, customer-centricity, and sustainable growth.