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BRIEF-India's Axis Bank exec: expect provision coverage ratio to be between 60-65 pct
October 17, 2017 / 12:18 PM / a month ago

BRIEF-India's Axis Bank exec: expect provision coverage ratio to be between 60-65 pct

Oct 17 (Reuters) - India’s Axis Bank chief financial officer Jairam Sridharan says:

* Expect provision coverage ratio between 60-65 percent

* Continue to expect normalisation of credit costs in second half of 2017/18

* Provided 38 billion rupees so far for bankruptcy accounts versus 70 billion rupees exposure

* Trading income contributed to the fall in operating profit Further company coverage: (Reporting By Suvashree Dey Choudhury)

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