Thriving on Technology & Talent

Girish Kousgi, MD & CEO, PNB Housing Finance and Kalpesh Dave, CEO, Star Housing Finance reveal achievements in growth, expansion, funding, digitization and talent:

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Girish Kousgi sees a reduction in the average borrowing cost by 8 bps sequentially and 19 bps on a yearly basis, resulting from rating rise to AA+

Smriti Pandey: Briefly describe the changes in your loan portfolio over the last 12 months in terms of total number of customers, loan book, monthly disbursements (value and number), average tenure, etc.

Girish Kousgi: Over the last 12 months, we have witnessed substantial growth in our loan portfolio, driven by a strategic focus on the retail segment, particularly in affordable housing and emerging markets. As of September 30, 2024, our retail loans asset portfolio has expanded to ₹679.70 billion, reflecting a strong 16.2% yoy growth.

Notably, our prime segment reached ₹524.67 bn, while the affordable housing and emerging markets businesses grew by an impressive 297.1% yoy and 21.6% respectively. These high-yielding segments now contribute to 31% of the total retail disbursements, underscoring our commitment to catering to underserved areas. The average ticket size for individual housing loans stands at ₹2.9 million, while for retail non-housing loans, it is ₹2.77 million.

Looking ahead, we will continue to prioritise high-yielding segments, including affordable housing and emerging markets - leveraging our pan India branch network and digital initiatives to better serve our customers and achieve sustainable growth.

Kalpesh Dave: Over the past 12 months, Star HFL has demonstrated impressive growth in its loan portfolio. The Assets Under Management (AUM) have surged from ₹3.19 billion in September 2023 to ₹5.18 billion as of September 2024, marking a robust 62% yoy increase. This milestone underscores the effectiveness of Star HFL's strategic focus on affordable housing finance, particularly targeting the Economically Weaker Sections (EWS) and Low-Income Groups (LIG).