PNB Housing Finance is eyeing a 22 per cent growth in fresh loan sales this fiscal (FY24). The company, promoted by Punjab National Bank, has an aggressive growth plan and has set an internal target of crossing the Rs 1 lakh crore-mark on the assets side in the next three to three-and-a-half years.
In the June quarter, PNB Housing Finance saw its retail loans, which is 94 per cent of its assets, growing 11 per cent to Rs 56,978 crore. The assets stood at Rs 60,395 crore, which was 5 per cent more than the year ago quarter.
PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.
