Until delivery SBI Shouldn't take EMI from the customers' of troubled projects it funded

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I bought an apartment in Bangalore, 5 years ago. I took home loan from SBI. SBI took every care before granting me the loan and signed a tripartite agreement along with the builder. Meaning I, the builder and the SBI are part of the tripartite agreement.

The builder used SBI's name in their ads to attract customers like us. We relied on SBI and assumed that being a Sarkari bank they must have checked the facts before approving a project.

The builder stopped the development of the project and went incommunicado even after 100% of the loan amount was paid to them. 

I am paying the EMIs for last 5 years, and the rents together without having any sight of the apartment getting delivered. 

While I am bleeding financially by not being able to live in my apartment even after 5 years of the booking, not able to claim the tax benefits, and unable to take any other financial decisions - should SBI keep mum and ethically keep taking EMIs ? 

Should SBI also not take the part of the pain?

When SBI approves a project after all the scrutiny mechanism at their hand, takes months before granting the loan, lets builder use its name in their ads, disburses the money directly to the builder, in principle says disbursal-is-based-on-the-progress THEN in the first place why did they disburse the amount when the builder stopped the work?

I want the Hon'ble SBI Chairman to address this issue and instruct the branches to stop taking EMIs from the customers' of the troubled projects the bank funded without charging any penalty to the customer - till they get possession.

With thanks

Raj Pandit

One of the buyers whose apartment is not delivered .

I am not taking the builder's name as this is a generic issue across my country India.