Chennai, Nov 7: “PNB Housing Finance Inaugurates India’s First All-Women Branch in Tambaram, Chennai” Chennai, Nov 6 (UNI) PNB Housing Finance, the third-largest housing finance company in India, reached a significant milestone by opening its first all-women branch in Tambaram on the outskirts of the city. This exclusive branch also marked the company’s 100th affordable-focused branch. The inauguration ceremony, attended by MD and CEO Girish Kousgi, along with Independent Directors Gita Nayyar and R. Chandrasekaran, highlighted the company’s commitment to gender diversity and women’s empowerment.
By establishing an all-women branch, PNB Housing Finance aims to provide a supportive environment for women to excel in both their professional and personal lives, contributing to the nation’s economic progress. The branch is dedicated to offering affordable housing finance solutions through its Roshni scheme. This initiative aligns with the company’s goal of expanding its business and making its products and services more accessible to a wider customer base.
Girish Kousgi stated, “Our first-ever all-women branch will help foster an environment where women can thrive, build their skills and contribute to the success of the organization.” He also emphasized the company’s dedication to offering affordable and accessible financing solutions, fulfilling the home ownership dreams of a diverse customer base.
PNB Housing Finance plans to add 60 more Roshni branches as part of its strategic expansion in the affordable housing segment. With around Rs 750 crores in disbursement under Roshni as of September 30, 2023, the company has witnessed a quarter-on-quarter growth of 65%. It aims to increase the number of Roshni branches in Tamil Nadu from 14 to 22 by the end of the current financial year.
Roshni Loans, the affordable segment offering, ranges from Rs 5-35 lakh for home buying, expansion, renovation, plot purchases, and loans against property. The company’s customer-oriented approach includes flexible loan tenure, minimal income documentation, a robust service delivery mode, a high loan-to-value ratio, and competitive interest rates.
In addition to the focus on the affordable segment, PNB Housing Finance plans to open an additional 27 branches for its ‘Prime’ retail loans offering, bringing the total Prime branches to 138 by the end of this financial year. The company’s expansion in the retail segment, including affordable and prime, is expected to increase the overall locations count to 298 by the end of this financial year.
