PNB Housing Finance eyes over fourfold rise in corporate loan book by March 2027
According to Moody's, PNB Housing Finance expects its corporate loan book to reach about ₹3,000 crore by March 2027, citing an interview with its chief executive.
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what happened
According to Moody's, PNB Housing Finance plans to grow its corporate loan book more than fourfold, to roughly ₹3,000 crore by the end of March 2027. CEO Ajai Kumar Shukla made the remarks in an interview with PTI. The book stood at ₹689 crore for the year to September 30, 2026, or about 3% of total loans of roughly ₹95,000 crore.
Shukla expects corporate lending to reach 8–10% of the portfolio within three years, while retail lending stays at 90–92%. The company kept its 18–20% loan growth guidance for the year, having already posted 19% growth. It also reported no significant drop in demand after the Reserve Bank of India raised the repo rate by 25 basis points in October.
why it matters
For markets this is mainly a strategy story about one mid-sized Indian lender, but it shows how mortgage firms are adjusting to higher rates. Management estimates that about 60% of a repo rate increase will pass into its borrowing costs, with margins expected to improve gradually.
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- PNB Housing aims for a 4x growth in corporate loan book to ₹3,000 cr — Moody's, 1 November 2026 at 13:32 UTC
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