PNB Housing Finance eyes over 17% growth in FY25 loan book
PNB Housing Finance plans to grow its loan portfolio by a minimum 17% in FY25, which would be the highest since 2019 as the lender is going full throttle on business expansion backed by comfortable capital position.
About 97% of its business is now retail lending including the affordable housing segment.
Managing director Girish Kousgi told ET that the lender is aiming to grow its retail book by 17% in FY25, while the overall loan growth is likely to be more when it resumes corporate lending.
Its overall loan assets grew by 10% year-on-year to ₹65,358 crore at the end of FY24, while retail loans grew by 14%, the highest growth rate in the last five years. Its affordable housing loan book, which it started 15 months back, stood at ₹1,790 crore. PNB Housing Finances corporate loan book shrank 46% in FY24 to ₹2,052 crore as it was on a balance sheet cleansing exercise.
The lender has also started a new vertical called 'emerging market' from April this year to cater to the retail segment in smaller cities with average loan ticket size of around ₹25 lakh.
«We will have 50 branches in the emerging segment, which can give us a higher yield. So, our plan is to try and build the book from both affordable and emerging, which would contribute to about 40-42% of incremental business and the balance 58% would come from the prime segment,» Kousgi told analysts in a post-earnings call.
«We are well capitalised and this will be good for the next two-and-a-half years, given our growth projections,» he said.
The company raised
