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flag RBI takes control of Aviom India Housing Finance due to financial and governance issues.

flag The Reserve Bank of India (RBI) has taken over Aviom India Housing Finance's board due to governance issues and payment defaults. flag Ram Kumar, formerly of Punjab National Bank, is appointed as the administrator. flag The company faces financial troubles, including a cash shortage and alleged fraudulent transactions. flag The RBI may initiate an insolvency process under the Insolvency and Bankruptcy Code to resolve the issues.

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