Shyam Srinivasan, managing director and CEO, shares with Business Standard the strategy to grow the bank's retail lending business in the coming quarters.
The pick-up in credit demand in coming months looks uncertain.
The group has a total inventory of 6,582 rooms and another 4,857 in pipeline.
The Reserve Bank of India is widely expected to reduce the repo rate for the first time in nine months when it announces its third quarter policy review.
The company is expanding across five brands, from its Formula One budget brand and Ibis economy hotel brand to the upmarket ones of Novotel, Sofitel and Pullman.
The move comes after RBS failed to close a deal involving sale of its India retail assets to Hongkong and Shanghai Banking Corporation.
Important source markets for inbound tourism such as Europe, the US and the UK have been reeling under slowdown pressures, thereby bringing down tourism.
Company's strategy is to 'milk the brand' as much as it can, as well as to look at an early transition.
ABG close to winning bid for container-handling berth at Haldia.
The Comptroller and Auditor General can do a performance audit of production sharing contracts
Mumbai and Pune hotel projects put on hold for now.
As the country's HNI population is on a rise, the segment is hard to ignore for domestic banks.
Tagged as a sleepy, regional lender till a few years earlier, the bank's stock was not much talked about in the investors' community.
It had also washed its hands off the fourth container terminal at Jawaharlal Nehru Port Trust, despite making a winning bid, with Port of Singapore Authority as the lead partner.
Haldia Bulk Terminals pulled out of 10-year contract for cargo-handling operations, blaming the political climate and "vested interest".
Tata AIA Life Insurance has 13 people at the senior vice-president level.
The rising spends on credit cards, increase in sale of third-party products and surge in consumer loan demand have allowed banks to limit the impact of slowdown in corporate fee income.
EIH posted a net loss of Rs 18.3 crore on lower occupancy levels.
Temporary relief for Bharti, Vodafone and former telecom secretary Shyamal Ghosh
Will offer lower rates on home loans till end of 2012.
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