PNB Housing Finance Expands Affordable Housing Reach

07 Nov 2023 CW Team

PNB Housing Finance, the third-largest housing finance company in India, is gearing up to expand its affordable housing branch network to 160 by the end of this fiscal year. Additionally, they aim to boost disbursements in the affordable housing segment by 33%, reaching Rs 10 billion during the current quarter, up from Rs 7.50 billion in the July to September quarter of the current fiscal year.

In a significant milestone, PNB Housing Finance recently inaugurated its first all-women branch in Tambaram, Tamil Nadu. This landmark event also marked the establishment of the company's 100th branch dedicated to providing affordable housing solutions. This move underscores the company's commitment to gender diversity and women's empowerment.

By introducing an all-women branch, PNB Housing Finance aspires to create an environment that nurtures women's professional and personal growth while contributing to the nation's economic development. This branch is aligned with the company's broader objective of expanding its business and making its products and services more accessible to a wider customer base.

Girish Kousgi, Managing Director and Chief Executive Officer of PNB Housing Finance emphasised the company's dedication to gender diversity and inclusivity in the workplace. He highlighted the significance of the all-women branch in empowering women and reinforcing the company's commitment to offering affordable housing finance solutions.

PNB Housing Finance also plans to expand its presence in the affordable housing sector by adding 60 more branches under the Roshni home loans scheme. The company views South India, particularly Tamil Nadu, as a promising market and anticipates it will contribute significantly to the affordable housing segment's growth in the long term.

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