Once they received funds from the wealth management @2500 cr, this shall resolve BMU profitability issue to the large extent IMO, as most of the losses resulting from BMU.
ECL finance has 8000 cr whole sale book, which they want to reduce it completely over the next couple of year (as they said in one of the ppt), so they will continue to provide for the whole sale book.
I came across this article on Moerus funds (Prominent fund manager from US- Amith Wadhwani) which took position in Edelweiss. Here is the rational he mentioned in this letter.
