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SRG housing loans worth Rs 400 crore may be fictitious: National Housing Bank
Economic Times 14 hrs ago·9 Sept 2026, 6:09 pm
The National Housing Bank raised concerns over SRG Housing Finance, identifying potentially fictitious loan accounts. Investigations have revealed that around one-third of the lender's loan portfolio consists of these phantom accounts. The inquiry also indicated possible manipulation regarding non-performing assets and the practice of evergreening. Funds linked to these dubious accounts were allegedly redirected to promoters' entities. This issue surfaces amid heightened scrutiny on smaller hous
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Key takeaways
- Concerns SRG Housing Finance L (SRGHFL).
- Category: Stocks.
Why it matters
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