PNB Housing Finance 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 India 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 Finance 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.