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Reliance Home Finance reports no adverse findings in forensic audit

13 Jan 2020 Evaluate

Reliance Home Finance (RHFL) has reported no adverse findings on the forensic audit on any fraud, embezzlement, diversion and siphoning of funds or falsification of accounts by any of the company or its promoters, employees or associates. The comprehensive scope of the forensic audit included diversion and siphoning of funds, embezzlement, malafide operations among others. The forensic audit is part of the debt resolution process, as per RBI guidelines on prudential framework.

Reliance Home Finance is engaged in providing housing finance. It provides housing loans, home improvement loan, home extension loan and reliance property solutions. It offers home loans to individuals and companies. It operates as a subsidiary of Reliance Capital.

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