Brief: India's Ujjivan Financial Services says has hit "peak" of bad loan provisioning

Ujjivan Financial Services

03/08/2017 13:07

Aug 3 (Reuters) - Samit Ghosh, CEO of Ujjivan Small Finance 
Bank, a unit of Ujjivan Financial Services Ltd  UJVF.NS  says: 
    * Have hit "peak" of bad loan provisioning in Q1 
    * Expects more provisioning in the next two-three quarters 
but on a much lower scale than Q1 
    * Expects business to come back to normal in two quarters 
    * Expects full-year credit growth of 20 percent 
 
 
Further company coverage:  UJVF.NS  
 
 (Reporting by Devidutta Tripathy) 
 ((devidutta.tripathy@thomsonreuters.com))