April 8, 2024: PNB Housing Finance today announced the expansion of its distribution network to 300 branches across India. PNB Housing Finance has expanded its presence in more than 150 unique cities to cater to diverse needs of customers. The company offers a wide range of products like individual housing loans, retail loans against property, retail non-residential premises loans and fixed deposits to both salaried and self-employed individuals.
PNB Housing Finance added 100 branches in the last four months of FY24 alone, taking the total number to 300. It offers tailored financial solutions through 90 branches dedicated to serving Prime home loan customers, and a network of 160 branches to meet the needs of its affordable housing segment Roshni. Further, the company has also diversified into a new category ‘Emerging Markets’, to leverage opportunities in the high-yielding customer segment through 50 branches in select geographies.
Girish Kousgi, MD and CEO, PNB Housing Finance, said, “As an organisation that recognises 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. Further, our wide network of 300 branches will allow us to leverage market opportunities across diverse consumer segments and maximise profitability for the organisation.”
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