...The RBI also said banks should ensure that all future transactions relating to purchase or sale of real estate as well as acquiring or letting out property on lease or rental basis at overseas centres must be undertaken in accordance with the Board approved policy. " It has come to our notice that some Indian banks have committed certain lapses in purchase/ sale of real estate as well as in acquiring/ letting out property on lease/ rental basis at some places in foreign countries," the RBI said....
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