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RBI
RBI: Banks must manage realty exposure risks
Mumbai: A sharp fall in real estate prices will have an adverse effect on the Indian economy and banks must manage their balance sheet risks associated with this in the context of a slowdown, the Reserve Bank of India (RBI) said on Wednesday. Slideshow of the day: Hot MP3 & PMPs Bank lending to the real estate sector expanded to 19.3 per cent of total bank credit at end-March 2008 compared with 1.6