SBI joins Rs 5-trillion market cap club; stock surges 26% in three months– Public lender State Bank of India (SBI) has joined the club of Rs 5-trillion-mark in market capitalisation (market cap) for the first time. this happens after when SBI’s shares touched a record high of Rs 564.45, up 1 per cent.
- In the overall market cap ranking, SBI stood at the seventh position with a market cap of Rs 5.03 trillion.
- SBI become the 3rd lender in India to cross the market cap of Rs 5 trillion.
- India’s largest private lender HDFC Bank is at the top with a market cap of Rs 8.38 trillion, followed by ICICI Bank at the 2nd position with a market cap of Rs 6.33 trillion.
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