State Bank of India (SBI) reclaims Most Valued Bank status in India, topples HDFC Bank.
State Bank of India (SBI) reclaimed its position as the country’s most valued bank with a total market valuation of over Rs 1.48 lakh crore, surpassing private sector player HDFC Bank on Friday (Sept 21, 2012.)
Shares of State Bank of India surged 4.3 per cent to close the day at Rs 2,212.6, taking its market value to Rs 1,48,475 crore, making it the overall seventh most valued company.
On the other hand, shares of HDFC BankBSE 0.23 % gained 3.02 per cent to Rs 625.25. In the process, the market capitalisation (m-cap) of the private bank rose to Rs 1,47,444 crore.