{"id":132871,"date":"2023-05-27T14:39:06","date_gmt":"2023-05-27T14:39:06","guid":{"rendered":"https:\/\/fin2me.com\/?p=132871"},"modified":"2023-05-27T14:39:06","modified_gmt":"2023-05-27T14:39:06","slug":"pnb-housing-well-capitalised-to-support-loan-growth-girish-kousgi","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/pnb-housing-well-capitalised-to-support-loan-growth-girish-kousgi\/","title":{"rendered":"PNB Housing well capitalised to support loan growth: Girish Kousgi"},"content":{"rendered":"<p><strong>&#8216;The company last year took a conscious call not to grow the corporate side of the book.&#8217;<\/strong><\/p>\n<p><strong><img decoding=\"async\" class=\"aligncenter\" src=\"\/\/im.rediff.com\/money\/2023\/may\/27pnb-housing.jpg?w=670&#038;h=900\"><\/strong><\/p>\n<p>Housing finance company (HFC) PNB Housing is planning to focus on reducing delinquencies in 2023-24.<\/p>\n<p>Its managing director &amp; chief executive officer <strong>Girish Kousgi<\/strong> tells <strong>Nikesh Singh<\/strong> in a conversation in New Delhi that he sees a huge opportunity for the company in the prime housing segment in coming years.<\/p>\n<p><strong>PNB Housing recently raised Rs 2,494 crore from its rights issue. Will the company raise more capital?<\/strong><\/p>\n<p>After the recent raising of capital, the company is well capitalised to support its loan growth in 2023-24.<\/p>\n<p>There is no challenge of that aspect affecting our growth.<\/p>\n<p>The raised capital will be used for growth as the company sees a huge opportunity in the prime housing segment in years to come.<\/p>\n<p><strong>PNB Housing&rsquo;s gross NPA (non-performing assets) stood at 3.83 per cent at the end of 2022-23. What is your GNPA and loan growth targets for this financial year?<\/strong><\/p>\n<p>We want to bring down delinquencies in 2023-24 to level with industry standards in the next four-six quarters.<\/p>\n<p>We expect disbursement and loan growth of around 22 per cent and 17 per cent, respectively, on the retail side this financial year.<\/p>\n<p>The retail loan book was muted in the first and second quarters.<\/p>\n<p>With growth returning in the last two quarters, it stood at 10 per cent year on year in 2022-23.<\/p>\n<p><strong>How do you see the company&rsquo;s growth in the affordable housing sector in this financial year?<\/strong><\/p>\n<p>The HFC recently entered the affordable segment, and disbursed around Rs 137 crore till the end of Q4 of 2022-23.<\/p>\n<p>This year, the segment will contribute 10-11 per cent to the incremental business, with good growth opportunities.<\/p>\n<p>It will help us grow on the retail side; we are not looking at growing the corporate book.<\/p>\n<p><strong>The corporate side of the book shrank nearly halved in 2022-23. What is your take on that?<\/strong><\/p>\n<p>The company last year took a conscious call not to grow the corporate side of the book.<\/p>\n<p>This was done in view of the very high GNPA of around 8.35 per cent.<\/p>\n<p>The company was working aggressively on resolution and settlements to bring it down to a standard level.<\/p>\n<p>We will restart on that aspect by the end of 2023-24.<\/p>\n<p>The size of the corporate book is around Rs 3,800 crore at the end of last year.<\/p>\n<p>Today, we have only two NPA accounts on the corporate side, amounting to Rs 846 crore.<\/p>\n<p><strong>The National Housing Bank recently notified early warning signals (EWS) for HFCs to prevent accounts from turning NPA. How do you intend to implement that?<\/strong><\/p>\n<p>The EWS framework is a formal structure put in place by the regulator to track those defaults.<\/p>\n<p>The company will upgrade its technology to meet the same.<\/p>\n<p>The mechanisms are already in place for years.<\/p>\n<p>The company has a team for fraud detection and prevention, and a unit for risk containment before sanction of loans.<\/p>\n<p>The company also has a concept of pre-delinquency management to detect such defaults.<\/p>\n<p>Source: <a href=\"https:\/\/www.rediff.com\/business\/interview\/pnb-housing-well-capitalised-to-support-loan-growth\/20230527.htm\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8216;The company last year took a conscious call not to grow the corporate side of the book.&#8217; Housing finance company (HFC) PNB Housing is planning [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":132870,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PNB Housing well capitalised to support loan growth: Girish Kousgi - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/pnb-housing-well-capitalised-to-support-loan-growth-girish-kousgi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PNB Housing well capitalised to support loan growth: Girish Kousgi - Fin2me\" \/>\n<meta property=\"og:description\" content=\"&#8216;The company last year took a conscious call not to grow the corporate side of the book.&#8217; 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