BANKS SHOULD PUBLISH LIST OF PROPERTIES UNDER MORTGAGE

The Bombay High Court has sought a reply from the Reserve Bank of India (RBI) on a petition which had demanded that banks should publish list of properties on which they have a mortgage, or a charge. The petitioner contends that in many cases buyers’ purchases/books a flat in housing schemes, not knowing that the land or the building is mortgaged to a bank, and the title is not with the builder.