Collectively, the pack of 12 has posted a 50 per cent rise in profits Rs 25,685 crore.
On a quarter-on-quarter basis (that is, September over June), the rise is 68 per cent.
Public sector banks have never had such a stellar performance, explains Tamal Bandyopadhyay.
Reliance Industries (Rs 190 cr), ICICI Bank (Rs 149 cr) and TCS (Rs 107 cr) were SBI Life’s large additions in March. The stocks it trimmed stakes to included Sun Pharma (Rs 141 cr) and Bajaj Finserv (Rs 101 cr).
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