Archive · 7 Aug 2026
Affordable housing to propel growth: PNB Housing Finance CEO
PNB Housing Finance is a company that lends people money to buy homes.
The person in charge of the company, Ajai Kumar Shukla, shared the company's plans in an interview.
The company wants to give more loans to people buying smaller, more affordable homes.
Right now, these loans make up about 41% of the company's business.
They hope these loans will make up about 50% of their business by the year 2028.
They also think this part of the business will grow by 60% in the next year.
In the first three months of the year, loan numbers went down a little, but that is normal for that time of year.
The company also plans to start giving very small home loans, called micro-housing loans.
They hope to lend about 100 crore rupees for these by March.
Home prices are not changing much, so they expect prices to stay stable.
PNB Housing Finance plans to raise the share of affordable and emerging housing loans to about 50% of its portfolio by FY28, from 41% currently.
MD and CEO Ajai Kumar Shukla expects affordable housing to grow 60% in FY27, with overall book growth projected at 18-20%.
Q1 disbursements fell sequentially across all three segments due to seasonal weakness, while retail disbursements grew 14% year-on-year.
Margins have bottomed out, and the company aims to lift the emerging and affordable housing share to about 45% by the end of this year.
The new micro-housing business, with yields of 14-15%, targets a book of around Rs 100 crore by March.
- Who
- Ajai Kumar Shukla, Managing Director and CEO of PNB Housing Finance, speaking in an interview with Christina Titus and Kshipra Petkar.
- What
- Announced plans to expand affordable and emerging housing loans to about 50% of the portfolio by FY28 and grow the affordable housing book by 60% in FY27.
- When
- No specific date given; the interview covers Q1 disbursement results and FY27/FY28 plans.
- Where
- India — the discussion covers the Indian housing finance market, with growth seen across segments including tier-I cities.
- Why
- To drive growth through the affordable housing segment, improve margins through a changing portfolio mix, and benefit from easing borrowing costs.
- Company
- PNB Housing Finance
- MD & CEO
- Ajai Kumar Shukla
- Affordable and emerging housing share target
- ~50% of portfolio by FY28, from 41% currently
- FY27 growth projections
- Affordable 60%, emerging ~25%, prime 10-12%, overall book 18-20%
- Q1 retail disbursement growth
- 14% year-on-year
- Micro-housing yield
- 14-15%
- Micro-housing book target
- ~Rs 100 crore by March; average ticket size Rs 12-13 lakh (range Rs 9-15 lakh)
- Margins outlook
- Bottomed out; improvement expected as borrowing costs ease, possibly around Q3