The bank's market capitalisation (m-cap) stood at Rs 5,02,859.55 crore in afternoon trade, making it the first bank to cross Rs 5 lakh crore m-cap mark.
The stock hit one-year high of Rs 1,953.75, up 3.31 per cent. Shares of the company were trading 2.82 per cent higher at Rs 1,944.50 apiece on BSE at 1340 hrs.
In terms of equity volume, 1.44 lakh shares of the company were traded on BSE and over 27 lakh shares changed hands on NSE during the day.
Reliance Industries (RIL) is the country's most valued firm with a market valuation of Rs 5,85,539.19 crore, followed by TCS (Rs 5,54,281.97 crore), HDFC Bank, ITC (Rs 3,34,323.28 crore) and HDFC (Rs 3,04,109.53 crore).
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