After contraction, PNB Housing Finance eyes Rs 1 trillion home loan books

It disbursed loans worth Rs 3,594 crore in Q2FY23, up from Rs 2,961 crore in Q2FY22

pnb housing

PNB HFL is amongst a list of firms which the Reserve Bank of India has placed in the Upper Layer (NBFC-UL) under the Scale Based Regulations (SBR) for NBFCs

Abhijit Lele Mumbai
After its loan books shrank for more than four years, PNB Housing Finance is looking to almost double its advances to Rs 1 trillion in the medium term.

Its loan portfolio shrank from Rs 74,023 crore at the end of March 2019 to Rs 57,832 crore in September 2022, a level that is a little above what it was at the end of March 2018.

Talking to Business Standard, Girish Kousgi, new managing director and chief executive, made a strong pitch for growth.

First Published: Oct 30 2022 | 11:07 PM IST

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