......... In 2010, when State Bank of India was offering its so-called teaser rates, former deputy governor Usha Thorat criticised it with ... 'lower interest rate in the beginning actually lures borrowers. This, itself, has the making of leveraging and putting pressure on housing prices to move up.' While SBI withdrew its teaser loans in the coming months, the banking regulator's tough guidelines have made it more difficult for genuine buyers to purchase a home. Meanwhile, property prices have continued to skyrocket. Whose loss is it?
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