"Among all other sectors, probably the banks are somewhat valuations-wise close to their historical mean, whereas most other sectors if you look are substantially higher than the historical mean."
source https://economictimes.indiatimes.com/industry/banking/finance/banking/a-lot-of-opportunity-in-top-private-sector-banks-sampath-reddy-bajaj-allianz-life-insurance/articleshow/85486117.cms
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