National Housing Bank set to conduct forensic audit of SRG Housing Finance
The National Housing Bank (NHB) initiated a forensic audit of SRG Housing Finance to investigate potential fictitious loans and manipulated repayment entries. The audit, announced on October 3, aims to verify the existence of borrowers and assess any irregularities, following earlier findings of suspected fictitious loans worth ₹300-400 crore. The audit's results could impact SRG's reported loan book significantly.