PNB Housing Finance focuses on affordable housing segment; to operationalise 25 new branches by March

✔ Fact Checked by TDPel News Desk

By Lola Smith

Published: January 30, 2022 | 11:41 AM

PNB Housing Finance is focussing on its high-yielding affordable housing business ‘Unnati’ in tier-II and -III cities and targets to operationalize 25 new branches by March this year.

The company said that it targets to increase the Unnati business from nine percent currently to about 12-14 percent going forward. PNB Housing opened 13 Unnati locations during the quarter ended December 2021.

The company, aimed at boosting the affordable housing business, enhancing its core capabilities by catering to the self-employed segment as well.

The company added that it is focussing on high-yielding affordable housing business Unnati in tier-II and -III geographies, its Managing Director and CEO Hardayal Prasad said.

”We have already opened 13 Unnati locations during the quarter and 25 new locations will be operationalized by March 2022…to increase our presence and enhance business in this segment,” Prasad said.

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About Lola Smith

Lola Smith is a highly experienced writer and journalist with over 25 years of experience in the field. Her special interest lies in journalistic writeups, where she can utilize her skills and knowledge to bring important stories to the public eye. Lola’s dedication to her craft is unparalleled, and she writes with passion and precision, ensuring that her articles are informative, engaging, and thought-provoking. She lives in New York, USA.