Punjab National Bank (PNB) has signalled significant developments at its subsidiary, PNB Housing Finance, including the appointment of an external CEO.
As per CNBC TV18 reports, the new CEO is expected to be announced within the next 2-3 weeks. This comes amid the resignation of the current CEO, Girish Kousgi, and with strong growth prospects across key segments such as MSME, housing, and vehicle loans. Additionally, PNB has reported a remarkable ₹900 crore recovery from a single account, adding optimism to the company’s asset quality outlook.
In a media interaction, PNB's chief has confirmed that the next CEO of PNB Housing Finance will be an external hire, marking a departure from the usual practice of appointing leaders from within the parent bank. This external hiring decision aligns with PNB's broader strategy of refreshing leadership at the housing finance arm, especially in the wake of Girish Kousgi’s resignation, effective October 28, 2025.
A formal announcement is expected in 2-3 weeks, and the new CEO will be tasked with steering the company through an evolving market landscape.
In the CNBC-TV18 interview, PNB’s management shared optimistic growth projections for several key loan segments. The MSME loan book is expected to grow by 18-19%, while the housing loan book is forecasted to expand at a rate of 14-15%. Vehicle loans are anticipated to grow by 22-23%.
These positive growth figures reflect PNB’s ongoing emphasis on the RAM (retail, agriculture, MSME) segments, where the bank is seeing strong momentum despite leadership changes at PNB Housing Finance.
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PNB Housing has also demonstrated robust performance on the asset quality front, with a ₹900 crore recovery from a single account flagged as a major highlight. This recovery is expected to support the bank's near-term credit costs, further reinforcing the positive trends in asset quality management. PNB has previously underscored the improving recovery patterns and tight control over net NPAs, with these recoveries contributing to a stable outlook for the company’s financial health.
The resignation of Girish Kousgi has put PNB Housing Finance under a leadership transition, but the appointment of an external CEO could signal a strategic shift for the company.
As markets await the CEO announcement, PNB Housing’s future direction may be shaped by this new leadership, particularly in terms of risk appetite, product offerings, and growth strategies across prime and affordable housing segments.
With the imminent appointment of a new CEO, PNB Housing Finance is entering a crucial phase that could significantly influence its strategic direction. The company’s guidance on loan growth in MSME, housing, and vehicle segments paints an optimistic picture, and the ₹900 crore recovery highlights its strong asset management.
As leadership transitions unfold, investors and stakeholders will be closely watching for further developments and the upcoming CEO announcement.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Sep 18, 2025, 3:08 PM IST
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