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National Housing Bank set to conduct forensic audit of SRG Housing Finance

Amid growing concerns over dubious lending practices, the National Housing Bank has initiated a forensic audit of SRG Housing Finance. This scrutiny will investigate allegations of fictitious loans, including unsupported accounts and discrepancies in repayment records. Auditors will delve into consumer data and loan origination processes to uncover any fraudulent activity, building on earlier findings that flagged possible fictitious loans ranging from ₹300 to ₹400 crore.

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Economic TimesLean R·8h ago
National Housing Bank set to conduct forensic audit of SRG Housing Finance
Amid growing concerns over dubious lending practices, the National Housing Bank has initiated a forensic audit of SRG Housing Finance. This scrutiny will investigate allegations of fictitious loans, including unsupported accounts and discrepancies in repayment records. Auditors will delve into consumer data and loan origination processes to uncover any fraudulent activity, building on earlier findings that flagged possible fictitious loans ranging from ₹300 to ₹400 crore.
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National Housing Bank set to conduct forensic audit of SRG Housing Finance

How 1 sources are covering this

National Housing Bank set to conduct forensic audit of SRG Housing Finance

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