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Escorts needs to reinvent itself in newer areas: Prakash Diwan

According to Prakash Diwan of Altamount Capital Management, Escorts needs to reinvent itself in newer areas like defence or railways. He said the stock justified its rich valuations and said that is a clear vindication of the faith that people had on the stock.
Union Bank of India Q4 net profit plunges 78% as bad loans rise

State-run Union Bank of India reported a 78 percent drop in its fourth-quarter profit as it raised provisions for bad loans.
Despite gloom over NPAs, these banks could be good bargains

The RBI had met up with bank bosses recently to take stock of the bad loan problem and outline steps that would help banks clean up their balance sheets by March 2017. Parveen Kumar Gupta, Managing Director, SBI, says the RBI so far has not given any specific directives on additional provisions
RBI meets bankers to discuss ways to improve asset quality

As per sources, the possible agenda of this meeting was to understand the progress and implementation of some of the schemes like strategic debt restructuring (SDR), 5:25 scheme.

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Union Bank Of India

Escorts needs to reinvent itself in newer areas: Prakash Diwan

Union Bank of India Q4 net profit plunges 78% as bad loans rise

Despite gloom over NPAs, these banks could be good bargains

RBI meets bankers to discuss ways to improve asset quality