Cut the rates dude, says the PM and FM

The new rate cut policy for RBI is expected to do wonders in Indian market by making sure credit is available easily. But tell me is'nt that the root cause for inflation. But they say, that beast has been tamed for now. Inflation is creeping down slowly as demand reduces in markets and commodity prices crashed. But by relaxing bank norms and slashing CRR and SLR, is'nt RBI creating a favorable scenario for Indian banking crisis.

Just to explain,
CRR is cash reserve ratio - the % of total money that banks have to keep with RBI. If the CRR is higher, banks have less money to lend and viceversa.

SLR is statutory liquidity ratio - it is the % of money banks have to invest in government securities. Again, the higher SLR is, lower is the amount available for lending and viceversa.