India's Ujjivan Small Finance Bank down as Q3 provisions for bad loans rise

Ujjivan Small Finance Bank

24/01/2024 08:44

** Shares of private Indian lender Ujjivan Small Finance
Bank  UJJI.NS  fall 3.7% to 55.5 rupees
    ** Co reports mostly flat qtrly net profit from year ago at
3 bln rupees ($36.09 mln)
    ** Provisions for bad loans were at 629.1 mln rupees against
a write back of 2.2 mln rupees a yr earlier, up 34.1%
sequentially
    ** Stock nearly doubled in 2023, down 2.4% so far in Jan
    




($1 = 83.1240 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))