Private sector banking major, HDFC Bank has denied of any plans of inorganic growth in the present times. The bank in fact plans to consolidate its business after acquisition of Centurion Bank of Punjab.

"We don't want to go for any acquisition at this point of time. We acquired Centurion and with that our branch network has almost doubled...so we will now focus on consolidation rather than expansion," HDFC Bank managing director Aditya Puri said.

After the acquisition of Centurion Bank of Punjab, the branch network of the bank has grown to 1,800 with over 3,295 ATMs covering 528 cities of the country.

"After paying-out for 3G, there is enough liquidity in the system...and the steps announced by the RBI are likely to flush the market with more cash flows," Puri added.

He said that the current liquidity position of the bank is in good shape.