MUMBAI (Reuters) - State-run Life Insurance Corp of India has raised its stake in top bank State Bank of India (SBIN.NS : 953.05 +41.8) by 2.12 percent to 9.16 percent through market purchases, the state-run lender said in a stock exchange filing. LIC bought 13.46 million shares between mid November and early March, the filing showed.

Last month, India's second largest bank, ICICI Bank (ICICIBANK.NS : 308.65 +24.5), said LIC had increased its stake in the private lender to 9.38 percent.