New Delhi, PNB Housing Finance on Tuesday said its board has approved raising Rs 10,000 crore through non-convertible debentures (NCDs) to grow its business.

PNB Housing Finance said in a regulatory filing that the funds will be raised in one or more tranches through NCDs on a private placement basis.

The mortgage company aims to grow its loan book by 17 per cent with a focus on the affordable segment.

PNB Housing ended FY24 with a loan book of Rs 63,000 crore.