28/11/2024, 10:15:05 am

NHB probe uncovers inflated investments in Aviom India Housing Finance

The National Housing Bank's investigation into Aviom India Housing Finance reveals inflated mutual fund investments to show a higher cash balance, with the actual investment being lower than the disclosed Rs 115 crore. The company faces a cash crunch and may need to restate financial information, with payments potentially delayed this month.