RBI Seeks Insolvency Proceedings Against Aviom India Housing Finance Amid Governance Concerns
2025-01-30
cnbctv18
The Reserve Bank of India (RBI) has taken drastic action against Aviom India Housing Finance, superseding its board due to significant governance concerns and defaults on payment obligations. This move paves the way for potential insolvency proceedings, highlighting the RBI's efforts to maintain stability in the financial sector. With a focus on risk management and compliance, the RBI's decision may have implications for the broader housing finance industry, including mortgage lenders and financial institutions. As the situation unfolds, stakeholders will be closely monitoring the developments, including the potential impact on housing finance companies and financial markets.
