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BRIEF-Kotak Mahindra Bank has made more than needed provisions on accounts taken to bankruptcy
July 20, 2017 / 11:04 AM / 3 months ago

BRIEF-Kotak Mahindra Bank has made more than needed provisions on accounts taken to bankruptcy

July 20 (Reuters) - Kotak Mahindra Bank Joint MD Dipak Gupta and CFO Jaimin Bhatt speaking to reporters:

* Says seeing some stress in SME accounts

* Says have 2.36 billion rupee exposure to 4 of the 12 companies being taken to insolvency

* Says have made more provisions than required by RBI on those accounts Further company coverage: (Reporting By Devidutta Tripathy)

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