 "Urban cooperative banks' business size may be capped at Rs 20,000 cr")
This refers to the editorial “Inflation warrior” (December 6). Controlling inflation has always been the main concern of the RBI. On many occasions, the RBI did not cut repo rate much to the disappointment of the government that wanted the cut to spur growth. This is precisely because the RBI gave preference to inflation control over growth push. However, in the last few occasions, RBI went for a repo rate cut to address growth concerns.
This time around, with its decision, the RBI wants to assess the impact of stimulus measures announced by the government to revive growth and decide accordingly
