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Prefer Bank of Baroda: Prakash Diwan

DO_NOT_USE-MoneyControl logoDO_NOT_USE-MoneyControl 28-03-2014 Money Control
Prefer Bank of Baroda: Prakash Diwan© Provided by Money Control Prefer Bank of Baroda: Prakash Diwan

Prakash Diwan, director at Altamount Capital Management told CNBC-TV18, "Union Bank of India has done extremely well in today’s session on the back of Basel III extension, which has come as a lifeline for some of these capital stout banks. It is one of the neater ones out of the PSU mid-size banks.”

“I am going to recommend Bank of Baroda. It has more stellar the balance sheets within the PSU space and that could possibly still give some more headroom to grow as compared to UBI which is more of a trigger based on an event that happened today. I am not sure whether UBI will race to the post as fast as BoB would and BoB would also give a better margin of safety of sorts,” he added.

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