May 10, 2018 / 12:41 PM / 16 days ago

BRIEF-India's Union Bank CEO Says Aims To Cut Net NPA Ratio To Below 6 Pct By March 2019

May 10 (Reuters) - Union Bank of India Ltd CEO Rajkiran Rai speaking at a news conference:

* INDIA’S UNION BANK SAYS IMPAIRED ASSETS RATIO 16.12 PERCENT AS OF END-MARCH - PRESENTATION

* INDIA’S UNION BANK SAYS 2017/18 CREDIT COST 4.39 PERCENT - PRESENTATION

* “WE HOPE WE HAVE HIT THE BOTTOM”

* 50-60 PERCENT OF Q4 SLIPPAGES ARE DUE TO FEB RBI GUIDELINES

* SMA2 OUTSTANDING 87.23 BILLION RUPEES

* AIMS TO GROW LENDING 7-8 PERCENT IN 2018/19

* SEES 2018/19 CREDIT COST OF 2 PERCENT

* SAYS HAS TOTAL EXPOSURE OF ABOUT 120 BILLION RUPEES TO BORROWER REFERRED TO NCLT BY RBI IN TWO LISTS Further company coverage: (Reporting by Devidutta Tripathy in Mumbai)

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