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  • Trying to strengthen balance sheet; hope worse over: J&K Bk

    Mushtaq Ahmad, Chairman and CEO, Jammu & Kashmir Bank says FY15 was a tough and challenging year for the banking industry. Floods compounded the situation further for the bank, he adds.

  • REI Agro is NPA since Mar '14, bullish on MSME segment: UBI

    RBI has asked banks to declare REI Agro as fraud company. Deepak Narang, ED, United bank of India spoke to CNBC TV18 what it means for the bank which has an exposure of Rs 200 crore to REI Agro.

  • No plans to write off REI Agro loans currently: UCO Bank

    According to Arun Kaul, Chairman at UCO Bank, their current exposure to REI Agro stands at Rs 800 crore

  • REI Agro expects to clock 25-30% CAGR growth ahead

    REI Agro, which is the largest basmati rice processing and marketing company in the globe posted EBITDA profit from Rs 231 crore to Rs 252 crore (YoY).

  • Rei Agro expects net profit at Rs 300cr in FY11

    Rei Agro has declared their third quarter FY11 results. The company has seen a jump in their revenues to Rs 960 crore versus Rs 651 crore. Their net profit stands at Rs 81.38 crore versus Rs 34.28 crore.

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