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Aavas Financiers shares decline nearly 4% as CFO, CRO quit; Co clarifies on Moneycontrol report
Aavas Financiers said that the NHB, in the ordinary course of its regulatory and refinancing oversight, conducts periodic audits, reviews and supervisory engagements with housing finance companies, including Aavas, and one such inspection is ongoing and not concluded yet.
NHB probing Aavas Financiers over loan classification lapses
The sector regulator has recalled refinancing support worth nearly Rs 500 crore —a punitive action that has set off a sweeping leadership overhaul at the company. ET was the first to report on April 13 that managing director and CEO Sachinder Bhinder was being asked to step down, with Manu Singh — former home loans head at Kotak Mahindra Bank — set to take over. A week later, on April 20, the company confirmed Bhinder's resignation and Singh's appointment as the new CEO.
NHB probing Aavas Financiers over loan classification lapses
The sector regulator has recalled refinancing support worth nearly Rs 500 crore —a punitive action that has set off a sweeping leadership overhaul at the company. ET was the first to report on April 13 that managing director and CEO Sachinder Bhinder was being asked to step down, with Manu Singh — former home loans head at Kotak Mahindra Bank — set to take over. A week later, on April 20, the company confirmed Bhinder's resignation and Singh's appointment as the new CEO.
AAVAS Financiers standalone net profit rises 18.21% in the March 2026 quarter
Sales rise 12.33% to Rs 714.68 crore
Aavas Financiers Q4 profit rises 18% to ₹182 crore, loan growth stays steady
Aavas Financiers Q4FY26 profit rises 18.2%, NII and AUM grow, margins and asset quality improve. Shares of Aavas Financiers ended higher on Tuesday, May 5, by 4.81% at ₹1,448.00 on the NSE.
Stock Alert: Wockhardt, Jindal Stainless, Petronet LNG, Manappuram Finance, Aarti Industries
Larsen & Toubro, Mahindra and Mahindra, Punjab National Bank, Marico, Hero Motocorp, Lloyds Metals and Energy, SRF, Coforge, United Breweries, Poonawalla Fincorp, Ajanta Pharma, Emcure Pharmaceuticals, Aadhar Housing Finance, Gallantt Ispat, Jammu and Kashmir Bank, Voltamp Transformers, AAVAS Financiers, Lloyds Engineering Works, Alkyl Amines Chemicals, SJS Enterprises, Shilchar Technologies, GNG Electronics, Gujarat Heavy Chemicals, Aeroflex Industries, Shanthi Gears, Shoppers Stop, Dalmia Bharat Sugar and Industries, Cigniti Technologies, Raymond Realty, Raymond, Shipping Corporation of India Land and Assets, PTC India Financial Services, Spandana Sphoorty Financial, Dolphin Offshore Enterprises (India), CFF Fluid Control, DCW, Automobile Corporation of Goa (ACGL), Paushak, Mafatlal Industries, B Right Realestate, Kothari Petrochem, Foseco Crucible (India), Sutlej Textiles and Industries, Primo Chemicals, Onward Technologies, Kriti Nutrients, Jenburkt Pharma, Kriti Industries ..
Aavas Financiers may be headed for leadership change; Kotak's Manu Singh likely to be Next CEO
Aavas Financiers is set for a leadership change. Managing Director Sachinder Bhinder will step down following promoter dissatisfaction. Manu Singh, currently heading home loans at Kotak Mahindra Bank, is expected to become the new CEO. This transition follows CVC Capital Partners' acquisition of control and aims to boost the company's growth trajectory.
Buzzing Stocks: RIL jumps 2% on Jio IPO plans; RVNL, Power Mech gain on order wins
Several stocks will remain in focus on June 22 amid key corporate developments. Aavas Financiers came under pressure after NHB flagged possible misclassification of loans worth Rs 400-500 crore, while RVNL and Power Mech Projects gained on fresh order wins.
Accumulate AAVAS Financiers; target of Rs 1585: Prabhudas Lilladher
Prabhudas Lilladher recommended Accumulate rating on AAVAS Financiers with a target price of Rs 1585 in its research report dated May 05, 2026.
Neutral AAVAS Financiers; target of Rs 1565: Motilal Oswal
Motilal Oswal recommended Neutral rating on AAVAS Financiers with a target price of Rs 1565 in its research report dated May 05, 2026.
Buy Aavas Financiers; target of Rs 1725: ICICI Securities
ICICI Securities is bullish on Aavas Financiers recommended buy rating on the stock with a target price of Rs 1725 in its research report dated May 06, 2026.
Aavas Financiers stock falls over 3% after NHB flags loan classification concerns
The stock of Avas Financiers was trading at Rs 1,422.30, down 3.37 percent, after the report highlighted an ongoing NHB supervision process related to certain loans that had received concessional refinancing rates