PNB Housing Finance inaugurates new branch at Ambattur
~ Third branch in Chennai targets potential home loan customers~
Chennai, November 10, 2017: PNB Housing Finance,the country’s fifth-largest housing finance company,today inaugurateditsthird branch in Chennai,thus increasing its network of branches in South India to 25.
The new branch, which is located on Ambattur Industrial Estate- Sector 1, was inaugurated by Mr Suresh Krishna, President, CREDAI Chennai in the presence of Vinod Reddy, GM and Zonal Business Head,PNB Housing Finance, along with other dignitaries.
PNB Housing Finance Executive Director and Business Head Shaji Varghese said, “We are currently widening our branch network in South and West India to provide customers with better access to our range of products and services. South is one of key focus region for PNB Housing which contributes more than 30% of total retail business. Branch expansion would continue to be an integral part of our growth strategy and is aimed at strengthening PNB Housing’s footprint in high-potential and high-demand regions.”
PNB Housing Finance has a total of 75 branches across 46 towns and cities. In H1-2017-18, the company sanctioned INR25,452 crore worth of loans with the total disbursement of over INR 15,000 crore. In the current fiscal, PNB Housing Finance plans to open 23 new branches across the country. A majority of these will be located in western and southern regions.