Union Bank is the top pick among midsized PSU banks: Prakash Diwan

In a chat with ET Now, Prakash Diwan, Chief Portfolio Strategist, Prakash Diwan's Wealth Circle, shares his views on Union Bank of India.

ET Now: What is your call on Union Bank of India?

Prakash Diwan: Union Bank is distinctly one of our top picks among midsized PSU banks. We have been building positions on Union Bank and it has one of the most neat balance sheets among midsized PSU banks. The stock has enough headroom once it gets recapitalised to go forward.