Private sector lender IndusInd Bank is looking to acquire a bank in the next two years, a top official told NDTV Profit channel on Thursday.
“We need to bulk up before the market is thrown open in 2009 or sometime beyond,” Bhaskar Ghose, managing director and CEO, told the television channel.
India's central bank has said it would review foreign ownership in Indian banks after 2009.
“We would typically look at banks with a relatively higher CASA (current account and savings accounts) ratio,” he said refering to higher low-cost deposits. (Sify)