Specific Allegations Addressed

The company is responding to news reports that contained:

  • Alleged discrepancies in certain loan classifications
  • Purported reversal of refinancing facilities by the National Housing Bank (NHB)
  • Management changes at the Company linked to such purported reversal of refinancing

Company's Position

The Company strongly refutes all assertions and insinuations contained in the news reports. The company states that:

  • The contents of the report are "misleading, malicious, speculative"
  • The report does not accurately characterize the Company's engagement with NHB
  • No disclosure is necessitated at this stage under applicable law

Governance and Compliance Commitments

The company emphasizes its commitment to:

  • Robust governance practices
  • Prudent underwriting standards
  • Responsible lending practices
  • Regular review and improvement of internal controls, risk management processes, and compliance framework

Stakeholder Assurance

Aavas remains focused on:

  • Serving its customers
  • Maintaining confidence of lenders, investors, and regulators
  • Upholding the highest standards of compliance and governance

Additional Information

The above information will be made available on the company's website at https://www.aavas.in/