Shyam Srinivasan on Federal Bank results, future and takeover buzz

“Deposits have been our strongest point and we do not rely much on the bulk deposits as it may work out. A large part – 93% of our book is being retail – and it has always been the case. Our ability to garner deposits stands us in good stead. We have to be competitive in term pricing but we are a dominant player in the remittances market and as remittances are going up at Rs 82 or so, we see a material or a meaningful flow in increase in remittances.”