"The tricky issues that we need to manage are the consumer loan to gross domestic product ratio, which has continued to increase. The regulators are looking at softening the demand, which would affect the growth of loan in the retail sector," said
He said there will also be further softening in the consumer sector as the government tackles various issues related to the budget deficit.
Speaking on the sidelines of
Ashok is confident that the bank would be able to sustain this momentum until the end of its 2014 fiscal year on
"We have set a profit growth of between 10 and 12 per cent for profit after tax and non-controlling interest and a return of investment at 14 per cent among other things. Going by the first nine-month performance, we believe we can sustain this momentum," he said.
Ashok said for the next 12 months, the bank expected its non-retail segment to outperform its retail segment as it had been focusing on non-retail segment for the last three years and would continue to do so for the next two years.
He is also hopeful that
"We hope that the partnership will commence on
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