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Sunday, June 21, 2026

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11:37 PMEconomic Times Realty

NHB probing Aavas Financiers over loan classification lapses

Summary

NHB has pulled back nearly Rs 500 crore of refinancing support from Aavas Financiers while probing alleged lapses in loan classification. The action has triggered a leadership reset, with CEO Sachinder Bhinder exiting and ex-Kotak home loans head Manu Singh taking over.

Why it matters

A regulator-backed funding recall can reprice risk across housing finance and constrain credit availability in affordable housing markets.

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