Third rate cut by SBI in last 40 days

Third Rate cut by the SBI in last 40days reasons can be clasified :

1 Is the bank suffering to find a load takers

2 Can be increase in the liquidity situation

3 Is govt. using SBI as a tool to encourage agressive interest rate cut regime in the banking space at a time where the gilts are reaching for highs of 1yr interest rate.

4 Is the this indicate to the traditional shift of funds to PSU banks from private sector banks.

5 Is govt. using its power to force the bank to cut rates this will in agaist the future of the bank, it will hurt both customers (low yield to ther deposit compared to other banks) and investors (as it leads to a rise in the NPA).

Reason may be any of the 4 or a combination. But were will it lead this can be devastating for banks to write losses in this slow down.