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 construction segment really improve, it may still not change the outlook on ground or on NPA's. However, it may not increase the credit costs as a percentage of assets.
With few companies in your bag, do you see the economic slowdown as a period of consolidation?
Acquisitions are towards consolidating our position and enhancing our presence, so that definitely helps. Organisationally, we are trying to use this breathing time to consolidate and improve our processes and controls.
Are you looking at more acquisitions in Mutual Fund space? You said in the past that you want to be among the top 5 players?
The acquisition we did gave us enough positioning on which we can build on giving us the opportunity to grow the Asset Under Management on accelerated basis. However, if there is a viable and meaningful consolidation opportunity, and if it makes sense, we will go forward.
Do you plan to enter the life insurance business as you are present in all other major financial services space?
Life Insurance is an important business in the financial services umbrella. However, at the moment, we don't have it on the table. If there is an opportunity or something that will make