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4 months ago
BRIEF-Axis Bank sees FY18 credit cost at between 175 bps and 225 bps
April 26, 2017 / 12:59 PM / 4 months ago

BRIEF-Axis Bank sees FY18 credit cost at between 175 bps and 225 bps

April 26 (Reuters) - Axis Bank Ltd:

* Exec says "worst is behind us"

* Exec says doesn't intend to continue with "watch list" construct beyond FY18

* Exec says sold 18 billion rupees worth loans to asset reconstruction co in Q4

* Exec says "sees FY18 credit cost at between 175 bps and 225 bps"

* Exec says have "very limited" exposure to telecom sector

* Exec says "expects FY18 loan growth to be 5 percentage point higher than banking sector credit growth" Further company coverage:

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