Report
National Housing Bank set to conduct forensic audit of SRG Housing Finance
The Economic Times says the audit will examine allegations of fictitious loans and discrepancies in repayment records.
TLDR
The Economic Times reports that the National Housing Bank is set to conduct a forensic audit of SRG Housing Finance. Auditors will examine allegations of fictitious loans, including unsupported accounts, and review repayment records and loan origination processes. The outlet says earlier findings flagged possible fictitious loans worth ā¹300 crore to ā¹400 crore.
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