By IANS,
Chennai : Lakshmi Vilas Bank will adopt a cautious growth plan during the high interest and tight money market situation and has deferred plans to venture into housing finance, a top official said Friday.
“I will not go for aggressive growth during a high interest scenario. Since October the trend is towards tightening liquidity. However, our liquidity situation is quite comfortable for existing business,” managing director and chief executive officer P.R. Somasundaram told reporters.
“We are keen to do housing finance business but not now,” he added. “We have to decide as to whether the bank would do that business on its own or have a separate subsidiary.”
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