PNB Housing Finance to open 25 new branches by March 2022

17 Feb 2022 CW Team

PNB Housing Finance is concentrating on its high-yielding affordable housing business 'Unnati' in tier-II and -III cities and targets to operationalise 25 new branches by March 2022.

Besides, the housing financier aims to improve the Unnati business from 9% presently to approximately 12-14% going forward. PNB Housing launched 13 Unnati locations during the quarter ended December 2021.

The firm started a transformational 'Project IGNITE' last fiscal year, targeted at increasing the affordable housing business, improving its core capabilities by providing to the self-employed sector as well as developing differentiators to beat the competition in the salaried segment loan market, among others.

The firm is concentrating on high-yielding affordable housing business Unnati in tier-II and -III geographies, its Managing Director and CEO Hardayal Prasad told the media during an earnings call after Q3FY22 results.

Business Head (Retail) Pankaj Jain told the media that the monthly disbursement numbers are likely to cross Rs 100 crore immediately.Their overall percentage of Unnati share will surge from 9% to about 12-14%.

PNB Housing Finance recorded a net profit of Rs 188 crore in the quarter ended December 2021, dropping by 19% from the previous close. Disbursement, however, increased 19% to Rs 7,548 crore. Its Credit Head (Retail), Jatul Anand, told the media that for Unnati loans, they categorised the loans under the Rs 35 lakh segment for both salaried and self-employed.

Image Source

Also read: PNB Housing Finance Q2 results: Net profit down 25% at Rs 235.21 cr

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..