Reliance HFC gave Rs 12,000 crore loans to 'indirectly linked' borrowers: Audit

The forensic auditor found “anomalies” in the credit appraisal process of the home financier and noted that more than 80% of disbursals comprised corporate loans to a group of 47 borrowers that shared these common characteristics, according to these people. This included similar registered addresses, common directors and key management personnel.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NkakCw