PNB Housing Finance Launches First All-Woman Branch in India

PNB Housing Finance, India's third-largest housing finance company, has launched its first all-women branch in the country at Tambaram in Chennai. The inauguration also marks the company's 100th affordable-focussed branch in the country dedicated to offering housing finance solutions at reasonable rates to customers through its scheme Roshni.

Focus on Affordable Housing

The affordable segment scheme offers loans ranging from Rs 5 lakh to 35 lakh for home buying, home expansion and renovation, plot purchases, and loans against property. PNB Housing Finance MD & CEO Girish Kousgi along with its Independent Directors Gita Nayyar and R Chandrasekaran participated in the program.

Promoting Gender Diversity and Women Empowerment

With this inauguration, PNB Housing Finance has strengthened its commitment towards gender diversity and women empowerment. By establishing an all-women branch, it aims to create a unique and supportive environment where women can flourish in both professional and personal spheres of life and contribute to the economic progress of the nation, the company said in a release.

Fostering an Inclusive Work Environment

Girish Kousgi, MD & CEO of PNB Housing Finance, emphasized the importance of gender diversity and inclusivity in the workplace. He said that the new initiative would help foster an environment where women can thrive, build their skills, and contribute to the success of the organization.

Growth in Affordable Housing Disbursements

The company clocked around Rs 750 crore disbursement under Roshni as of September 30, 2023, witnessing a growth of about 65 percent quarter-on-quarter. It has 14 Roshni branches in Tamil Nadu and plans to raise this number to 22 by the end of the current financial year. With an average ticket size of Rs 15 lakh, the company is poised to substantially augment the affordable segment portfolio, propelled by rapid growth in disbursements.

The launch of PNB Housing Finance's first all-women branch in India is a significant step towards promoting gender diversity and women empowerment in the housing finance sector. The company's focus on affordable housing and its commitment to creating an inclusive work environment are commendable. This initiative will not only benefit women employees but also contribute to the overall economic progress of the country.