NHB Investigates Aavas Financiers for Loan Classification Issues
Sure! Here’s a rewritten version of the content: — MUMBAI: The National Housing Bank (NHB) has initiated a formal investigation into Aavas Financiers, a mortgage lender backed by CVC Capital Partners, after preliminary findings revealed irregularities in loan classifications. Sources familiar with the situation informed RealtyDailyNews that several loans were improperly categorized under ineligible refinancing schemes. The sector regulator has revoked refinancing support amounting to nearly Rs 500 crore, triggering a significant leadership reshuffle within the company. RealtyDailyNews first reported on April 13 that managing director and CEO Sachinder Bhinder was being asked to resign, with Manu Singh, former head…