A rate cut or status quo at this stage doesn’t make much difference, when the reason for

A rate cut or status quo at this stage doesn’t make much difference, when the reason for low bank credit off take is mainly due to poor economic activities and high NPAs (non-performing assets). Hence, even a rate cut wouldn’t have meant much to the economy as noted in an earlier column. But, what is more worrying to see is RBI governor Urjit Patel’s reluctance on lack of clarity on several issues at today’s presser.