Expressing his acceptance on slow-down in the Bank's credit offtake in the current fiscal, Mr Kamat said there has been a slow-down in automobile and mortgage portfolios. In the mortgage segment, the impact was due to steep rise in real estate prices during the period, which in a way crushed the demand. However, there was no serious impact across the board, he asserted. On the issue of the Bank's holding company, Mr Kamat said it will wait for the new draft policy from the Reserve Bank before taking any decision in this regard.
Earlier, in his inaugural speech at the summit, he said Indian economy is expected to continue the current growth momentum and will possibly attain a growth in double-digits in the next ten years.