New Delhi, Oct. 29 -- PNB Housing Finance Ltd aims to expand its corporate lending book to Rs.3,000 crore by the end of the current financial year from about Rs.700 crore currently as it diversifies its lending portfolio while maintaining its 18-20% growth guidance, managing director and chief executive officer Ajai Kumar Shukla said in an interview with Mint.

The corporate lending portfolio is expected to account for about 3% of the company's overall loan book. The segment has no non-performing assets (NPAs), Shukla said.

The housing finance company seeks to grow profitably amid intensifying competition and higher funding costs. The company's recent AAA rating upgrade is expected to improve its ability to negotiate more favourable borr...