PNB Housing Finance Company

PNB Housing Finance Managing Director and Chief Executive Officer Girish Kousgi has announced his resignation and will step down from his role effective October 28, 2025. The board, while accepting his resignation noted that Kousgi will cease to be a director on the board of Directors of PHFL Home Loans and Services Ltd, and PEHEL Foundation -- the subsidiaries of the company, with effect from October 28, 2025. In a regulatory filing on Friday, PNB Housing Finance said the company affirms that its strategic priorities, business focus, and growth trajectory remain firmly intact, based on the strong foundation that Kousgi has helped build. R Chandrasekaran, chairman of the nomination and remuneration committee of the board said, the company will initiate a rigorous, transparent and merit-based selection process to appoint a new leader who will further enhance the legacy of PNB Housing Finance. "We are confident of identifying a suitable professional soon, who will further accelerate

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Meanwhile, one segment where HFCs have been growing relatively faster is affordable housing loans, where competition from banks is limited

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The scrip jumped 12.08 per cent to close at Rs 782.35 on the BSE. During the day, it advanced 13.57 per cent to Rs 792.80

Loan disbursements increased by 14 per cent, year-on-year, from Rs 73.85 billion in Q2 FY18 to Rs 84.05 billion at the end of Q2 FY19

Shareholders also approved issuance of non-convertible debentures of face value aggregating up to Rs 450 billion

PNB Housing Finance shares closed at Rs 1,119.35 on BSE, up 1.88 per cent from previous close

The issue opens tomorrow and closes the same day

Interview with Sanjaya Gupta, managing director, PNB Housing Finance