The article ‘‘RBI has jumped the gun'' (Business Line, April 20) finds fault with the RBI for slashing interest rates by 50 basis points and points to the ‘real threat' of a resurgent inflation. The ground realities do not reflect the possibilities of such a situation. If banks concentrate on raising deposits and lending in March, it need not be interpreted as ‘window-dressing' but as an attempt to raise the performance level to present a better balance-sheet for the year. Being the financial year end, the efforts may also relate to reducing income-tax liabilities by some.
- T. R. Anandan (HBL)
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