INSUBCONTINENT EXCLUSIVE:
will almost certainly lead to the lenders facing stringent asset quality reviews, two sources with direct knowledge of the matter said.That
could have major repercussions for about 80 HFCs, the largest of which include Indiabulls Housing Finance, Housing Development Finance
Corporation (HDFC) and Dewan Housing Finance Corporation, leading to them facing unprecedented scrutiny and the potential for major
financial penalties and restriction on their activities if improper practices are discovered.In late 2015, the RBI started a similar review
of bank assets amid allegations that lenders were hiding the extent of the bad debts on their books.The housing finance companies, which are
part of the broader shadow banking sector known as non-banking finance companies (NBFCs), are currently regulated by the National Housing
Board, and RBI has no direct authority over them.Get Breaking news, live coverage, and Latest News from India and around the world on
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