PNB Housing Finance expands to 300 branches across India
PNB Housing Finance, a prominent name in India’s housing finance sector, has announced a significant expansion of its distribution network, now boasting 300 branches across the nation. This strategic enlargement marks a pivotal moment in the company’s mission to offer accessible and diverse housing finance solutions, with a presence in over 150 unique cities. This development not only aims to realize the home ownership dreams of millions but also to contribute to the nation’s building efforts.
In an ambitious move, PNB Housing Finance has added 100 branches in the final four months of FY24 alone, amplifying its network to a total of 300 branches. This expansion is not just about numbers; it’s tailored to cater to the varied needs of its clientele. The company dedicates 90 branches to prime home loan customers and 160 branches to its affordable housing segment, Roshni. Additionally, PNB Housing Finance has ventured into the ‘Emerging Markets’ category with 50 branches in select geographies, targeting the high-yielding customer segment.
Girish Kousgi, the MD & CEO of PNB Housing Finance, emphasized the company’s commitment to fulfilling the quintessential dream of home ownership. “As an organization that recognizes the cherished aspiration of individuals to own a home, we strategically chose to strengthen our omni-channel presence and expand our distribution footprint to provide tailored housing finance solutions to our customers,” Kousgi stated. He further highlighted the goal of leveraging market opportunities across diverse consumer segments to maximize organizational profitability and embark on the next growth phase.
PNB Housing Finance stands out not only for its widespread network but also for its extensive product offering, including individual housing loans, loans against property, retail non-residential premises loans, and fixed deposits for both salaried and self-employed individuals. The branches are fortified with advanced technology systems, efficient operations, and a strong governance framework, ensuring a seamless customer experience.
This expansion by PNB Housing Finance reflects a significant stride towards financial inclusion and the democratization of housing finance in India. By broadening its footprint, the company is set to empower more individuals with the means to achieve their dream of home ownership, reinforcing its position as a leader in the housing finance sector.