PNB Housing Finance aims to increase its share of the affordable housing segment in overall loan disbursal from 10% to 40% within 3-4 years. The affordable housing segment, named Roshni, achieved a loan book of Rs 1,000 crore in less than a year. The company plans to open 60 more branches before March to capitalize on growing demand, especially in tier 2 and 3 cities.
The company is betting aggressively on the affordable home loan segment. "We started the affordable housing business a year back, and in the last 11 months we have reached loan book of Rs 1,000 crore," said Girish Kousgi, MD & CEO of PNB Housing Finance.