PNB Housing Finance expects its newly launched micro-housing loan business to achieve an Assets Under Management (AUM) of ₹100 crore by the end of the current financial year. The lender is deepening its footprint in the affordable housing segment, leveraging finalized policies and completed employee training to accelerate disbursements.
Strategic Growth & Operational Highlights
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Maintaining Strict Underwriting: Despite expanding into lower-income customer segments, Managing Director and CEO Ajai Kumar Shukla emphasized that valuation, legal, and personal discussion protocols will remain strictly intact without compromising underwriting standards.
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Capital Utilization & Leverage: The company plans to scale its leverage ratio from the current 3.7–3.8 up to nearly 6 over the next three years, deploying capital primarily to drive organic growth.
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Controlled Expansion in Construction Finance: PNB Housing has cautiously re-entered construction finance, capping it at ~3% of the total loan book initially and targeting no more than 7–8% over three years (strictly below a 10% ceiling). Operations will start across 8 to 10 major cities, including Mumbai, Delhi, Bengaluru, Pune, and Hyderabad, focusing on high-execution developers.
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Funding & Borrowing Costs: Reported borrowing costs hold stable at ~7.35–7.36%, with an expected easing of ~10 basis points driven by RBI policy measures and increased refinance access from the National Housing Bank (NHB).
