3 highlights
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There are a few other things that the RBI has done to get banks to lend more, including cutting the cash reserve ratio from four percent to three percent.
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To cut a long story short, the RBI has been trying to flood the system with more money, drive down interest rates, and get banks to lend more. But is that really turning out to be the case? The answer is no.
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The government’s so-called Rs 20 lakh crore package is a mishmash of various numbers, which shouldn’t be added together in the first place. To put it in simple English, a large part of it is basically a marketing gimmick.