NHB probes Aavas Financiers over loan classification lapses

Kiswahili

The National Housing Bank has started an investigation into Aavas Financiers for issues with loan classification. The regulator recalled refinancing support of nearly Rs 500 crore, prompting a leadership overhaul at the company.

The sector regulator's action has led to significant changes at the housing finance firm. Reports indicated that managing director and CEO Sachinder Bhinder was asked to step down, with Manu Singh, former home loans head at Kotak Mahindra Bank, positioned to take over.

On April 20 the company confirmed Bhinder's resignation and Singh's appointment as the new CEO.

Makala yanayohusiana

Illustration of corrupt bank officials, government workers, and intermediaries plotting Rs 950 crore fraud using fake documents in Chandigarh banks, with CBI investigators nearing.
Picha iliyoundwa na AI

Key players behind multiple bank frauds in Chandigarh and Haryana

Imeripotiwa na AI Picha iliyoundwa na AI

Nearly Rs 950 crore in public funds have been siphoned off in multiple frauds involving IDFC First Bank, Kotak Mahindra Bank and others in Chandigarh and Haryana. Investigations reveal a collusive network of bank officials, government employees and private intermediaries using fake fixed deposits, forged documents and shell firms. The Haryana government has asked the CBI to take over the probe.

Sukhu government orders probe into Solan housing project land violations

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu has announced a detailed probe into a controversial gated housing project in Solan over alleged violations of land laws. A Solan Sub-Divisional Magistrate's inquiry found the Chester Hills project involved indirect sales to non-agriculturists from outside the state. The move comes amid sparring between top officials.

CBI files charge sheet against Shubhkamna Buildtech for Noida project fraud

Imeripotiwa na AI

The Central Bureau of Investigation has filed a charge sheet against Shubhkamna Buildtech Private Limited and its directors over alleged fraud in a Noida housing project.

Asia

Supreme Court asks NCLAT to decide on Supertech projects monitoring

Business

AU Small Finance Bank reports 23% Q4 deposit growth

Business

Domestic investors increase stakes in hdfc bank and nine other stocks

Cash thrown from Mohali high-rise during ED raid in realty fraud probe

Occupants of a luxury apartment in Mohali threw bags containing about 20 lakh rupees from a ninth-floor window during Enforcement Directorate searches on Thursday morning as part of a money laundering investigation into Punjab's real estate sector.

Rajesh Exports faces SEBI probe for alleged fraud

Imeripotiwa na AI

India's fourth-largest company Rajesh Exports is under investigation by SEBI for possible financial fraud. Probes have uncovered accounting irregularities and potential siphoning of funds.

Bharti Airtel briefly tops HDFC Bank in market value

Bharti Airtel briefly overtook HDFC Bank on Monday to become India's second-most valuable company by market capitalization. The telecom operator reached ₹11.9 lakh crore in value before HDFC Bank reclaimed the spot by market close.

Venu Srinivasan steps down from Tata trust at Noel Tata's request

Imeripotiwa na AI

Tata Trusts Chairman Noel Tata asked CEO Siddharth Sharma to request Venu Srinivasan and Vijay Singh to voluntarily step down from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution. Srinivasan resigned, but Singh declined. The move comes amid a dispute over Zoroastrian trustee eligibility.

Jumatatu, 22. Mwezi wa sita 2026, 19:30:49

Haryana IAS officer remanded in judicial custody over bank fraud

Alhamisi, 18. Mwezi wa sita 2026, 13:51:20

HDFC Bank extends Keki Mistry interim chairman tenure

Alhamisi, 18. Mwezi wa sita 2026, 07:52:44

Centre initiates eviction proceedings against Sujan Singh Park North in Delhi

Jumanne, 16. Mwezi wa sita 2026, 19:12:15

Ola Electric seeks settlement in SEBI probe over stock claims

Ijumaa, 12. Mwezi wa sita 2026, 01:31:43

ED arrests two former Reliance executives in loan fraud case

Alhamisi, 28. Mwezi wa tano 2026, 05:16:27

Karur Vysya Bank sets four-pronged growth plan

Alhamisi, 30. Mwezi wa nne 2026, 11:24:16

Bajaj Finance raises deposit rates as Shriram plans cuts

Alhamisi, 9. Mwezi wa nne 2026, 09:26:01

Rajasthan ACB arrests retired IAS officer Subodh Agarwal in ₹960 crore JJM scam

Jumanne, 7. Mwezi wa nne 2026, 08:41:34

Supreme Court: Borrowers can't seek personal hearing before fraud declaration

Jumamosi, 4. Mwezi wa nne 2026, 16:25:05

HDFC Bank reports 15% YoY deposit growth in Q4

 

 

 

Tovuti hii inatumia vidakuzi

Tunatumia vidakuzi kwa uchambuzi ili kuboresha tovuti yetu. Soma sera ya faragha yetu kwa maelezo zaidi.
Kataa