Girish Kousgi Resigns as MD & CEO of PNB Housing Finance After Three-Year Tenure

In a notable development from the financial sector, Girish Kousgi has stepped down from his role as the Managing Director and Chief Executive Officer of PNB Housing Finance. His resignation was officially submitted on July 30, 2025, and accepted by the company’s board on July 31.

A Leadership Era Comes to an End

Girish Kousgi took over the reins of PNB Housing Finance three years ago and has played a key role in the company’s growth and strategy during his tenure. Under his leadership, PNB Housing focused on strengthening its core operations, improving asset quality, and enhancing customer experience.

However, with his departure, the company is now preparing for a leadership transition. The details of his successor or interim arrangements have not been disclosed yet.

Stepping Down from Subsidiary Boards

In addition to leaving his position as MD & CEO, Kousgi will also resign from the boards of PHFL Home Loans and PEHEL Foundation. Both are subsidiaries of PNB Housing Finance and contribute to the company’s broader goals in housing finance and social responsibility.

What Lies Ahead for PNB Housing?

While the news of Kousgi's exit may bring short-term uncertainty, PNB Housing Finance is expected to continue its growth plans with a focus on digital transformation and customer-centric strategies. The company is also likely to announce its new leadership soon, which will be critical for its future direction.

Final Thoughts

Leadership changes are always significant, especially in the financial sector. Girish Kousgi’s contribution to PNB Housing Finance during his three-year tenure has been impactful. His exit marks the beginning of a new chapter for the company.

We will keep you updated on any new appointments and strategic moves from PNB Housing in the coming days.