Business Standard

PNB Housing Finance expects to disburse Rs 13,000-cr loan this fiscal: CEO

Demand from the mass housing segment has started picking up post relaxations in coronavirus-induced lockdowns and gradual reopening of economy

Neeraj Vyas, MD and CEO, PNB Housing Finance
Premium

CEO Vyas said the company hopes to disburse about Rs 1,200-1,500 crore per month October onwards, and further increase it to about Rs 2,000 crore per month by January.

Press Trust of India New Delhi
PNB Housing Finance expects to disburse around Rs 13,000 crore in loans this fiscal, and sees demand picking up around October-November with the onset of the festive season, its MD and CEO Neeraj Vyas said.

Demand from the mass housing segment has started picking up post relaxations in coronavirus-induced lockdowns and gradual reopening of economy, he said.

"Demand in a particular segment (mass housing) is picking up, which generally in the market is called green shoots (of revival). We were expecting that we would be touching sometime in September disbursements of Rs 500 crore, but we have already crossed that

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 26 2020 | 5:22 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com