The Economic Times

Who imagined this? SBI overtakes TCS, Infosys in Mcap amid PSU banks' turnaround: Gurmeet Chadha

SBI has overtaken TCS and Infosys in market valuea feat unimaginable five years ago, says Gurmeet Chadha. The surge reflects PSU banks sharp turnaround driven by better risk management and digitisation, even as IT stocks face heavy AI-led selling. Nifty IT has dropped 21% in a year, while PSU banks soar.