RBI sets eyes on ghost loans in housing sector

After complaints about ghost loans in the housing sector, Reserve Bank of India, which is India's central banking institution, is looking into the matter.

"This is always under our scrutiny but if we do get any complaints of that sort we do look into them and investigate them properly," SS Mudra, deputy governor of RBI, told ET.

Ghost loans either refer to the fictitious loans recorded in the books, or the ones that arise when the borrower on whose name they have been taken took them at the request of the real borrower.