Built on Quality, Powered by Growth.

38th Annual Report 2025-26

38th Annual Report 2025-26
Built on

Quality,

Powered by

Growth

A gemstone’s brilliance is not only created on the surface – it also emerges from the quality embedded within and is amplified through the strength of every facet. At PNB Housing Finance quality lies at the heart of our organisation, reflected in our strong asset base, prudent governance and customer-first approach.

Message from the Managing Director & CEO

Built on enduring
foundations

At PNB Housing Finance, we see ourselves as more than a financier, we are partners in India’s aspiration to own a home. Our focus is on building an institution that families can trust for generations to come.
Ajai Kumar Shukla Managing Director & Chief Executive Officer
Ajai Shukla, Managing Director & CEO
KEY PERFORMANCE INDICATORS

Stronger every year

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Loan disbursement* (` crore)
11,246
14,965
17,583
21,972
26,548
FY22FY23FY24FY25FY26
Assets under management (` crore)
65,977
66,617
71,243
80,397
90,921
FY22FY23FY24FY25FY26
Retail loan asset (` crore)
50,520
55,471
63,306
74,802
86,946
FY22FY23FY24FY25FY26
Loan asset** (` crore)
56,889
59,273
65,358
75,765
87,347
FY22FY23FY24FY25FY26
Deposit outstanding (` crore)
17,807
17,248
17,798
17,642
18,055
FY22FY23FY24FY25FY26
Total revenue (` crore)
6,201
6,530
7,057
7,692
8,505
FY22FY23FY24FY25FY26
Pre-provision operating profit (` crore)
1,600
2,052
2,125
2,327
2,584
FY22FY23FY24FY25FY26
Profit after tax (` crore)
836
1,046
1,508
1,936
2,291
FY22FY23FY24FY25FY26
Gross non-performing assets#^ (%)
8.13
3.83
1.50
1.08
0.93
FY22FY23FY24FY25FY26

*Retail segment contributed to 98.74% of the total loan disbursement in FY26, whereas corporate segment contributed to 1.26%.

**Retail segment contributed to 99.5% of the total loan asset in FY26, whereas corporate segment contributed to 0.5%.

#Principal outstanding, including principle overdue

^Indicates data as on 31st March 2026

SAPPHIRE: PROSPERITY TAKING ROOT

Sapphire is often regarded as the gemstone of prosperity. It symbolises prosperity that is patiently built through wisdom, trust, and strong foundations. Its brilliance comes from its ability to create lasting value over time.

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48%

Affordable Housing and Emerging Markets’ contribution to retail disbursement

Sapphire
AVENTURINE: UNLOCKING NEW POSSIBILITIES

Aventurine is the gemstone of opportunity, a stone believed to attract growth and help transform potential into tangible progress. Its true essence lies in creating pathways where possibilities can flourish and momentum can be sustained.

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5,000+

applications digitally processed under PMAY-U 2.0 as on 31st March 2026

Aventurine
BLOODSTONE: RECOVERY, RESILIENCE & RENEWAL

Bloodstone is known as the gemstone of endurance and recovery. It is believed to restore strength after periods of stress and help emerge stronger with renewed vitality.

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0.93%

Gross NPA in FY26

Bloodstone

STRATEGIC PRIORITIES

Scaling deep,
growing strong

PNB Housing Finance sharpened its strategic focus on scaling the retail loan book, with emphasis on the high-growth Emerging Markets and Affordable Housing segments. This was complemented by a disciplined approach to asset quality, a diversified and cost-efficient borrowing strategy and investment in digital and AI-led capabilities - collectively reinforcing our position as a resilient and future-ready housing finance institution.

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Focus on the growth of retail loan book

Expanding our Affordable Housing segment in Tier 2 and Tier 3 cities and beyond

Improvement in asset quality

Balanced borrowing mix and adequate capital

Powering growth through digitalisation and voice AI initiatives

Strengthening governance to support long-term growth

Strategic Priorities

ESG focus

Creating
sustainable
value

Macroeconomic conditions continue to provide a generally supportive operating environment, with activity observed across sectors such as real estate and housing. Within this context, we continue to conduct our housing finance business in accordance with applicable laws, regulations, and supervisory expectations.

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ESG Focus

PEOPLE

Culture. Care.
Commitment.

A strong organisation is built on the foundation of its people. At PNB Housing Finance, we foster a culture of trust, inclusion and continuous growth, creating a workplace where every employee feels a sense of belonging and is empowered to contribute meaningfully to our shared success.

2,355 Employees
36 years Average employee age
2.7 years Average employee tenure
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People

CORPORATE SOCIAL RESPONSIBILITY

Crafting
impact

Guided by compassion, responsibility, and long-term value creation, PNB Housing Finance shapes meaningful impact by empowering communities, improving quality of life, and fostering a more resilient and sustainable future.

4.60 lakh Beneficiaries over
3 years
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CSR

GOVERNANCE

Strengthening
trust through
governance

PNB Housing Finance is committed to upholding the interests of all its stakeholders through a robust governance framework built on the principles of transparency, accountability, integrity, and ethical conduct.

60.1 years Average age of Board
members
33.8 years Average experience
of Board members
3.9 years Average tenure in the Company
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Governance
ESG Focus

ESG focus

Creating sustainable value

Macroeconomic conditions continue to provide a generally supportive operating environment, with activity observed across sectors such as real estate and housing. Within this context, we continue to conduct our housing finance business in accordance with applicable laws, regulations, and supervisory expectations.

Read More
People

PEOPLE

Culture. Care. Commitment.

A strong organisation is built on the foundation of its people. At PNB Housing Finance, we foster a culture of trust, inclusion and continuous growth, creating a workplace where every employee feels a sense of belonging and is empowered to contribute meaningfully to our shared success.

2,355 Employees
36 years Average employee age
2.7 years Average employee tenure
Read More
CSR

CORPORATE SOCIAL RESPONSIBILITY

Crafting impact

Guided by compassion, responsibility, and long-term value creation, PNB Housing Finance shapes meaningful impact by empowering communities, improving quality of life, and fostering a more resilient and sustainable future.

4.6 lakh Beneficiaries over 3 years
Read More
Governance

GOVERNANCE

Strengthening trust through governance

PNB Housing Finance is committed to upholding the interests of all its stakeholders through a robust governance framework built on the principles of transparency, accountability, integrity, and ethical conduct.

60.1 years Average age of Board members
33.8 years Average experience of Board members
3.9 years Average tenure in the Company
Read More

AWARDS AND RECOGNITION

MANY MILESTONES.
1 JOURNEY OF EXCELLENCE.

World Fintech Summit & Awards

World Fintech Summit & Awards

Leadership in AI & ML for Banking Automation

PMAY Empowering India Awards

PMAY Empowering India Awards

Best Primary Lending Institutions for Affordable Housing under PMAY scheme

Best CFO & Finance Strategy Excellence Awards 2025

Best CFO & Finance Strategy Excellence Awards 2025

Excellence in Financial Planning & Analysis

ET Shark Awards

ET Shark Awards

Best Use of TV

NHB Excellence Awards

NHB Excellence Awards

Fastest Growing HFC - Asset above 5k cr

CSR Summit & Awards

CSR Summit & Awards

Healthcare Initiative

DNA Awards 2025

DNA Awards 2025

Best NPA Recovery

PRCI Collateral Awards

PRCI Collateral Awards

DFI Campaign

BankFin 360 Awards

BankFin 360 Awards

Best Home Loan Marketing Campaign

CX Summit & Awards

CX Summit & Awards

Social Media-Led CX Excellence

LACP Vision Awards

LACP Vision Awards

Annual Report - Gold

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