Tag: Girish Kousgi

Housing FinanceLatest Stories

IIFL Home Finance Names Girish Kousgi as MD & CEO

NEW DELHI: IIFL Home Finance, part of IIFL Finance, has named Girish Kousgi as its managing director and chief executive officer, starting October 30, 2025. Kousgi will oversee all business operations, focusing on home loans, the non-home loan segment, MSME loans, and construction finance. Before joining IIFL Home Finance, he was the MD & CEO of PNB Housing Finance. With almost 30 years of experience, he has held senior roles at Can Fin Homes, Tata Capital Financial Services, IDFC Bank, and ICICI Bank. Published On Oct 30, 2025 at 01:23 PM IST Join a community of over 2M industry professionals!…

Housing FinanceLatest Stories

Grihum Housing Finance to Appoint Ex-Citi Banker as CEO

MUMBAI: TPG-backed mortgage lender Grihum Housing Finance is preparing to appoint Arjun Chowdhry, a former Citibanker, as its new Managing Director and CEO, according to insider sources. He is anticipated to join the firm next month. Chowdhry, who has over two years of experience as the head of retail lending and credit cards at Axis Bank, resigned last month to embark on an entrepreneurial journey. “TPG and the board believe Arjun’s expertise in underwriting credit card customers will greatly benefit strategies aimed at low-income clients, often perceived as higher risk,” noted a knowledgeable official. Messages sent to Chowdhry and Grihum…

Housing FinanceLatest Stories

PNB Housing Finance CEO Steps Down

NEW DELHI: Girish Kousgi, the Managing Director and CEO of PNB Housing Finance, has resigned from his position. Kousgi submitted his resignation on July 30, 2025, to explore new opportunities. The board accepted it with an effective resignation date of October 28, 2025. Additionally, the board noted that Kousgi will no longer serve as a director on the boards of PHFL Home Loans and Services, and PEHEL Foundation, both subsidiaries of the company, effective from October 28, 2025. R. Chandrasekaran, the chairman of the nomination and remuneration committee at PNB Housing Finance, stated, “The board will commence a thorough, transparent,…

Housing FinanceLatest Stories

PNB Housing Q4 FY25 Net Profit Soars 25.30%

NEW DELHI: PNB Housing Finance has reported a 25.30% increase in consolidated net profit for the quarter ending March 31, 2025. The profit after tax reached ₹550.38 crore in Q4 FY25, compared to ₹439.25 crore for the same quarter in the previous fiscal year, according to a BSE filing. The company’s consolidated total income for Q4 FY25 amounted to ₹2,036.78 crore, reflecting a 12.28% growth from ₹1,813.97 crore during the same period last year. Girish Kousgi, Managing Director & CEO, stated, “Our retail loan assets grew by 18.2% year-on-year, reaching ₹74,802 crore as of March 31, 2025, driven by growth…