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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 200 6 Turnaround Watch · EPC SEPC Ltd (₹6.54): From Stressed Asset to Strategic Platform Debt down from a peak of ₹907 crore to ₹351 crore. Two SAIL orders worth ₹1,527.89 crore landed inside eight weeks. A Dubai-headquartered promoter that bailed the company out of an RBI stressed-asset restructuring is now backing an ADNOC-linked entry into the Middle East. This is what a real turnaround looks like when you actually read the balance sheet instead of the ticker. 1 The Arc: From a ₹300 IPO to a Stressed Asset to a Rescue SEPC Ltd listed in February 2008 as Shriram EPC, priced at ₹300 a share, raising ₹150 crore under the Shriram Group — one of India's most recognised financial-services names, then led by T Shivaraman...
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Central Bank of India Unveils 'Wonder Card' in Bihar
Public-sector bank, Central Bank of India has unveiled 'Wonder Card', a new debit-cum-credit card, for the benefit of salaried customers in Bihar. This new card will allow a customer to withdraw a fixed amount in excess of his salary which will be adjusted in salary head in the next month with interest at the bank's base rate at 10.25%, in addition to 4% interest.

 A Wonder Card holder with a salary of up to Rs 25,000 per month can withdraw a surplus amount of Rs 10,000 against his salary amount, while one with Rs 60,000 salary could withdraw Rs 25,000 surplus amount, while with salary of more than Rs 60,000 per month could withdraw up to Rs 60,000.

 Central Bank of India has 4,300 branches and 2,500 ATMs with a Pan India presence of all the branches connected under the CBS platform. The bank has a business turnover exceeding Rs 4 lakh crore.

Courtesy: Indian-Commodity

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