And for many of the banks, the big boost to earnings which came out of improvement in asset quality given that most large banks including SBI now have net NPAs at 0.5-0.6% or lower, from next year that benefit also will not be there to add to the earnings.
Abhijeet Bora’s top 10 Diwali stock picks from large, mid, and small caps
Last few years if you see the rally was supported by both earnings growth as well as the expansion in the PE ratio for the