‘Infra lending opportunities may grow in next two quarters’

The environment now is a bit more circumspect on committing to projects than in the past. Scrutiny and review are more intense and even developers are realising that without some of those enablers firmly in place there is no point pursuing for new financing opportunities.

How do you see your overall loan book grow?

Both from an ability and opportunity point of view, 25-30 per cent growth is possible.

You made three acquisitions in 2012, including Indo-Pacific Housing finance. How do you view the housing finance business?

As of now, our HFC business has a book size of around Rs 200 crore and for us to be relevant and meaningful, we need to achieve about Rs 4,000-5,000 crore book size in about 5 years time. We have a small base and we will see aggressive growth.

Will the growth be organic or inorganic?

We can do it the organic way but if some interesting inorganic opportunity comes up and fits with in our vision for financial services, we will not ignore it.

Your Non Performing Assets have been on a rise. Do you see more slippages?

I think we might see some more slippages coming in this quarter and there will be an overall increase in NPA's. We originally assessed that by December quarter, things would have stabilised and NPA's would be at its peak, it looks like the peak could be in the March quarter. Unless cash flows of medium enterprises and corporates especially in the

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