Business & Economy

India's Largest Public Sector Bank's M-Cap Touches $100 Billion Mark

© AP Photo / Rajanish KakadePeople walk past an electronic signage displaying news on federal budget at the Bombay Stock Exchange (BSE) building in Mumbai, India, Wednesday, Feb. 1, 2023.
People walk past an electronic signage displaying news on federal budget at the Bombay Stock Exchange (BSE) building in Mumbai, India, Wednesday, Feb. 1, 2023. - Sputnik India, 1920, 06.11.2025
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The State Bank of India (SBI) has become the first state-owned company to breach the $100 billion mark in market valuation.
The market capitalisation of the State Bank of India (SBI), the country's largest public sector lender, touched the $100 billion mark on Thursday.
The development came after the bank's shares rose by over 1 percent to an all-time high of INR971.40 on the National Stock Exchange (NSE).
As of Thursday, the bank's market cap stood at over $100 billion.
With this landmark, SBI joins a select band of Indian companies that are valued at over $100 billion.
Topping the list is the Mukesh Ambani-led Reliance Industries, whose market capitalisation is well over $225 billion.
Trailing Reliance Industries is the private-sector banking behemoth HDFC Bank at $183.6 billion, followed by telecom major $140.3 billion, IT services provider Tata Consultancy Services ($124.8 billion) and another lender ICICI Bank ($108.5 billion).
A motorist rides past a hoarding of Adani University near the corporate headquarters of Adani Group in Ahmedabad, India, Friday, Jan. 27, 2023. - Sputnik India, 1920, 15.09.2025
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