PNB Housing Finance targets 60 new Roshni branches by FY24 closure

14 Nov 2023 CW Team

PNB Housing Finance, a housing finance company, has set the target of adding 60 more Roshni branches by the end of this financial year, thereby increasing the total number of affordable branches to 160.

The company recently inaugurated its 100th branch, which is also the first all-women Roshni branch, in Tambaram, Tamil Nadu. Currently, there are 14 Roshni branches in Tamil Nadu, and the company aims to elevate this number to 22 by the conclusion of the current financial year.

Girish Kousgi, the Managing Director and CEO of the company, stated that the establishment of the first-ever all-women branch is intended to create an environment conducive to the flourishing of women, allowing them to enhance their skills and contribute to the organization's success. He expressed optimism about the growth prospects in the affordable segment and anticipated the addition of 60 more Roshni branches.

As of September 30, 2023, the company reported disbursements of approximately Rs 7.5 billion under Roshni, reflecting a quarter-on-quarter growth of around 65%.

Roshni loans, ranging from Rs 5-35 lakh, are tailored for purposes such as home buying, home expansion and renovation, plot purchases, as well as loans against property.

In addition to the focus on the affordable segment, the company has outlined plans to open an additional 27 branches for its 'prime' retail loans offering. This move is expected to bring the total number of 'prime' branches to 138 by the conclusion of the current financial year.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..