We have taken an enabling resolution for raising between Rs 3,000 crore and Rs 3,500 crore, which was confirmed in the AGM last week. In the same spirit and to remain on the side of caution, we felt we should indicate before there is excessive build-up or speculation. This is linked to the macro situation and it is best to do a thorough assessment, which we have done. We have started that business and are somewhere around the Rs 500-crore mark. It will help reduce the dependency in the growing micro lending and cards space and give more flavour to our business and also build newer engines of growth,” Ahuja said.

Source: Economic Times July 21, 2019 21:22 UTC