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PNB Housing Finance on expansion mode

Press Trust of India  |  Chennai 

: PNB Housing Finance, the housing company, has opened its fifth outlet in under the expansion drive and has plans to open 23 more in the current financial year.

PNB Housing Company currently has 66 branches across 39 towns.

In 2016-17, the company sanctioned Rs 23,704 crore as loans while total retail disbursements stood at Rs 15,766 crore, a company statement said here.

In the current fiscal, the company plans to open 23 branches across with a majority to be located in the Western and Southern regions.

The new oultet in Salem district was inaugurated in the presence of KPN Travels Managing Director, K P Natarajan, PNB Housing Ltd., Regional Business Head-Tamil Nadu, Kathirvel Subbiah.

With the opening of new branch, PNB Housing Finance will have five branches in the State and 19 branches in South India, the statement added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 14 2017. 17:22 IST