No question of easing policy rates - Dr.S.S.Tarapore

.......The banking system depends largely on outside sources. Governor Rajan would do well to reiterate the celebrated dictum of the late I. G. Patel who would often tell banks: “Do not lend the resources you do not have”. A matter of concern is why bank credit is so high when real sector activity is low. Is there credit hoarding by industry in anticipation of a credit crunch?.........

Read - HBL