NS Venkatesh, ED of Lakshmi Vilas Bank expects to see robust demand on the retail and micro, small and medium enterprises (MSME) side of the business. He said in an Interview to Latha Venkatesh and Sonia Shenoy on CNBC-TV18, that the bank has gown its year on year advances to 15% and this year they hope to get closed by 16-17 per cent growth.

He mentioned about the report that carried out the data and analytical synopsis and said, “There were some reports, which had come out from some of the rating agencies saying that there is stress on LAP sort of business but when we had looked at our portfolio, we don’t see that sort of stress coming in from the loan against portfolio property. The normal -- that would be there between 0.3 percent and 0.4 percent that stress always remains but other than we are not seeing any alarming signals of the LAP portfolio behaving in an erratic manner.”

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