Business & Economy

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

The State Bank of India (SBI) has become the first state-owned company to breach the $100 billion mark in market valuation.
Sputnik
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 Airtel at $140.3 billion, IT services provider Tata Consultancy Services ($124.8 billion) and another lender ICICI Bank ($108.5 billion).
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