SBI's M-Cap Zooms Past $130 Billion, Becomes India's Fourth Largest Company
© Getty Images / Mike Kemp
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The State Bank of India (SBI) is the country's largest public-sector lender and the second-largest bank, behind only HDFC.
Banking behemoth SBI became India's fourth-largest company after its market capitalisation zoomed past $131 billion on Thursday, following an upward trend in its shares.
SBI's M-cap is now higher than that of IT major Tata Consultancy Services (TCS), which stands at $120 billion and its banking rival, ICICI Bank's $112.5 billion. SBI's strong performance on the Indian bourses comes in the wake of strong Quarter 3 (October-December) results in the current financial year.
Mukesh Ambani-led Reliance Industries Limited holds on to its position as India's most valuable company, with a market capitalisation of $217 billion, followed by HDFC Bank and Bharti Airtel.
As of 12 February 2026, HDFC was valued at $156 billion, while telecom major Airtel was worth $133 billion.
Earlier this week, the bank posted a record profit of $2.32 billion, registering a 24.49% year-on-year increase compared to FY25.
SBI's M-cap is now higher than that of IT major Tata Consultancy Services (TCS), which stands at $120 billion and its banking rival, ICICI Bank's $112.5 billion. SBI's strong performance on the Indian bourses comes in the wake of strong Quarter 3 (October-December) results in the current financial year.
Mukesh Ambani-led Reliance Industries Limited holds on to its position as India's most valuable company, with a market capitalisation of $217 billion, followed by HDFC Bank and Bharti Airtel.
As of 12 February 2026, HDFC was valued at $156 billion, while telecom major Airtel was worth $133 billion.
Earlier this week, the bank posted a record profit of $2.32 billion, registering a 24.49% year-on-year increase compared to FY25.
