+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

RBI sets eyes on ghost loans in housing sector

Feb 3, 2016, 12:14 IST

Advertisement
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.
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article