National Housing Bank Orders Forensic Audit of SRG Housing Finance Amid Fictitious Loan Allegations
The National Housing Bank has initiated a forensic audit of SRG Housing Finance amid allegations of dubious lending practices, including fictitious loans, unsupported borrower accounts and mismatches in repayment records. The probe is expected to examine consumer data and loan origination processes in detail, building on earlier findings that flagged possible fictitious lending of ₹300 crore to ₹400 crore.
