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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.
11:37 PMEconomic Times RealtySummary
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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