View: Welcome half-steps RBI, not quite whatever it takes

The RBI seems to labour under the delusion that banks respond to an offer of funds with the same alacrity shown by the average Malayali male towards a glass of decent whisky placed before him. If the banks did not snap up debentures, commercial paper and other debt securities offered by private companies in the recent past, why would they develop a new taste for private company debt now?

from Economy-News-Economic Times https://ift.tt/2Jkvazi