ALSO READKotak Mahindra Bank Q2 net up 20% at Rs 1,441 cr PSU Bank index hits 52-week high; market-cap up by Rs 1.1 lakh crore SBI may cut minimum balance requirement to Rs 1,000 in urban areas Market slide continues as FIIs press sell button on rising US bond yields Optimism on PSU banks justified, but selectively
With the m-cap of Rs 2,229 billion (Rs 2.229 trillion), SBI is currently stands at 11th rank, behind of Kotak Mahindra Bank, which has m-cap of Rs 2,231 billion (Rs 2.231 trillion) at 02:18 pm, the BSE data shows.
Kotak Mahindra Bank now become the second most valuable bank in terms of market-cap, replaced the SBI, which has fallen to number third position.
Kotak Mahindra Bank hit a new high of Rs 1,172, up 2% today, rallied 16% thus far in the calendar year 2018. On comparison, SBI has dipped 20% from Rs 310 to Rs 248 today. The S&P BSE Sensex was up 0.67% during the same period.
|Rank||COMPANY||Market-cap Rs billion|
|1||TATA CONSULTANCY SERVICES||6,092|
|7||MARUTI SUZUKI INDIA.||2,787|
|10||KOTAK MAHINDRA BANK.||2,231|
|11||STATE BANK OF INDIA||2,229|
Market-cap in Rs billion at 02:18 pm
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