Question
Which public sector bank has crossed $5 trillion m-cap
for the first time?Solution
Public lender State Bank of India (SBI) hit the Rs 5-trillion-mark in market capitalisation (market cap) for the first time after its shares touched a record high of Rs 564.45. With a market cap of Rs 5.03 trillion, SBI stood at the seventh position in the overall market cap ranking. With this, SBI has become the third lender in the country to cross the market cap of Rs 5 trillion. HDFC Bank, India's largest private lender holds first rank in this list, with a market cap of Rs 8.38 trillion, followed by ICICI Bank, which has a market cap of Rs 6.33 trillion. In the past three months, SBI has outperformed the market by surging 26 percent in comparison to ICICI Bank rallying 32 percent, while HDFC Bank gained 15 percent during the same period.
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