PNB Housing Finance aims to close FY25 with loan book of Rs 5,000 cr in affordable segment
PNB Housing Finance aims to expand its loan book size to Rs 5,000 crore by the end of the current financial year. The mortgage lender closed the loan book under the affordable segment called 'Roshini' at Rs 3,000 crore at the end of the second quarter of FY'25.
«We hope to expand our loan look under the affordable housing segment to Rs 5,000 crore by this year-end to touch Rs 15,000 crore by March 2027,» PNB Housing Finance MD and CEO Girish Kousgi told reporters here.
The loan growth will be helped by implementation of Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY 2) and branch expansion.
He also said the housing finance company plans to set up a new vertical for 'Loan Against Property' beginning next financial year.
To fund loan growth of 17 per cent, he said, the housing finance company plans to raise USD 100-125 million through External Commercial Borrowings (ECBs) this fiscal. The board has already given approval for raising USD 125 million through ECBs.
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