With a focus on several key markets, PNB Housing Finance is looking to strengthen its presence in South India to boost business.
Of the company’s total loan book of Rs. 25,000 crore, the contribution of the South stood at around Rs.5,310 crore as on September 30, 2015. And, of the total disbursement by PNB Housing in FY15, South’s contribution was 23 per cent, Shaji Varghese, Business Head, PNB Housing, said. With the sentiment reviving and the purchasing power of the middle income segment increasing, he said, the housing sector will see substantial growth in the next fiscal.