+
PNB Housing Finance targets 60 new Roshni branches by FY24 closure
Real Estate

PNB Housing Finance targets 60 new Roshni branches by FY24 closure

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.

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.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code