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PNB Housing Finance aims ₹1 L-cr retail book by FY27

Financial Express Kochi

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July 23, 2025

PNB HOUSING FINANCE is projecting a robust growth in the retail book, targeting the ₹1 lakh-crore milestone by 2026-27, up from ₹77,732 crore for the June quarter, managing director and CEO Girish Kousgi said.

- KSHIPRA PETKAR

The company expects an 18% retail growth in FY26, and plans to disburse ₹22,000-₹23,000 crore across segments, he added.

The affordable housing segment, which witnessed muted Q1 disbursements due to seasonal factors, remains central to PNB Housing's expansion strategy. "The affordable book grew 143% y-o-y. We aim to take it to ₹9,500 crore by December and ₹15,000 crore by FY27," Kousgi said. In the reporting quarter, loans assets in the affordable segment stood at ₹5,744 crore.

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Delhi most polluted,60% districts in India breach annual PM2.5 limits

DELHI RANKED AS the most polluted among 33 states and Union territories with an annual mean PM2.5 concentration of 101 micrograms per cubic metre, 2.5 times the Indian standard and 20 times the WHO guideline, according to a new satellite-based analysis.

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'With Sierra, we're targeting SUV market share of 20-25%'

Tata Motors relaunched the Sierra on Tuesday. Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, tells Akbar Merchant the SUV should appeal to younger buyers looking for something different in terms of styling, a premium feel and who want their SUVs to reflect their personality. Excerpts:

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November 26, 2025

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Labour codes to push social security cover to 85% in 3 yrs: SBI Research

THE IMPLEMENTATION OF the four new labour codes will boost social security coverage to 85% in next 2-3 years and would generate additional employment for 7.7 million people, a report by the State Bank of India Research said on Tuesday. It, however, cautioned about the possibility of short-run frictions followed by medium-run gains as compliance costs fall and formal hiring expands.

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November 26, 2025

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Centre considering import tariff on some steel goods

THE GOVERNMENT IS considering extending an import tariff, locally known as a safeguard duty, on some steel products to counter cheaper imports primarily from China, according to a source with direct knowledge of the matter.

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November 26, 2025

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The quest for cultural relevance

LIVE EVENTS CAN PROVIDE A SPIKE IN SALES AND VISIBILITY BUT ARE YET TO EMERGE AS A MAJOR REVENUE STREAM

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PSB chiefs told to expedite pending IBC cases at NCLT

TOADDRESS DELAYS in pending Insolvency and Bankruptcy Code (IBC) cases at the National Company Law Tribunal (NCLT), financial services secretary M Nagaraju on Tuesday asked public sector banks (PSBs) chiefs to strictly adhere to timelines for admitting corporate insolvency resolution process (CIRP) applications and completing resolutions, the finance ministry said.

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1 min

November 26, 2025

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Mini-grid firm Husk to raise $400 mn

HUSK POWER SYSTEMS, the world's biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue tenfold by 2030 and prepare for an initial public offering.

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November 26, 2025

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Ayni exit may limit regional outreach

As geopolitical competition intensifies in Central Asia, India will have to prioritise transparent and reliable connectivity strategies

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NPCI arm to roll out value-added financial services on BHIM app

NPCI BHIM SERVICES (NBSL), a wholly owned subsidiary of the National Payments Corporation of India (NPCI), will soon roll out value-added financial services on the Bharat Interface for Money (BHIM) app platform, beginning with credit cards.

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1 mins

November 26, 2025

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India's climate action must fuel growth, says CEA

INDIA'S ENERGY TRANSITION and climate action must be firmly aligned with national development priorities and cannot come at the cost of economic momentum, Chief Economic Advisor V Anantha Nageswaran on Tuesday said, adding that the economy set to cross the $4-trillion mark in the current fiscal.

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November 26, 2025

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