Private sector lender Federal Bank has said its growth will not be impeded by new licenses being given out to new entrants in the banking segment.

"It may be three years away from when new bank licences get operationalised and build up some scale, but we are not just going to stay quiet and watch," quoted Mr Shyam Srinivasan, Managing Director and Chief Executive Officer of the bank.

"By that time, our young team would be four years into the job, trained and invested by us. The challenge of a hostile raid on the human resources is bound to happen in any competitive environment. "Yes, that is a huge challenge, but I will not brood over it and get alarmed yet," he added.