.......Mr Natani said he sent one letter to RBI on 13 October 2010 in this regard. “The casual reply sent by the RBI after a gap of five months shows lackadaisical approach on its part in taking timely steps to prevent commercial banks from getting involved in reckless and unsecured housing loans under tripartite agreement.” The reply by the RBI proves that its inspectors are not carrying out properly audit of these commercial banks indulged in advancing unsecured home loans in order to boost their priority sector lending.
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