National Housing Bank Flags Potentially Fictitious Rs 400 Crore Loans at SRG Housing Finance
The National Housing Bank (NHB) has flagged concerns over Rajasthan-based SRG Housing Finance, identifying potentially fictitious loan accounts worth approximately Rs 300-400 crore, constituting about one-third of the lender's loan portfolio. Investigations revealed loans shown as disbursed without verifiable customers or corresponding assets, alongside alleged evergreening and manipulation of non-performing assets. Funds linked to these accounts were reportedly redirected to promoter-related entities. NHB classified these as Red Flagged Accounts and reported them to the Reserve Bank of India's credit repository. SRG Housing Finance has not responded to inquiries.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is negative (30/100). Lens Score 54/100.
Outlets measured: economictimes, economictimes. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (28–32/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
economictimes broke this story on 9 Sept, 06:16 pm. Other outlets followed.