PNB Housing eyes revival of construction finance

New managing director & CEO to be appointed soon

- KSHIPRA PETKAR & MAHESH NAYAK

PNB HOUSING FINANCE (PNB Housing) is reentering the corporate lending space with plans to build a calibrated construction finance portfolio that will account for 5% of its overall loan book by FY27.

The company, which currently maintains a retail-heavy (99.6%) book, is looking to diversify while staying anchored in its core strengths of catering to the affordable and emerging market segments, particularly in tier-III and IV cities.

“We are expanding into construction finance with a clear focus on well-regulated, post-RERA projects. The H2 of FY26 should see some corporate loan disbursements happening,” said Executive Director Jatul Anand, adding that the company would be focusing entirely on construction finance.