Explained: How State Bank of India regained its footing on the bourses

India's largest bank is now the most valuable state-owned entity, even as other public sector firms struggle to retain their place on the bourses

A decade ago, ONGC and Coal India were the most valuable public sect­or entities. State Bank of India (SBI) was third. Today, with a market capitalisa­tion of Rs 3.42 trillion, SBI has taken the top slot. ONGC’s market cap has eroded by 40 per cent and is a distant second in the pecking order, while Coal India has slipped to seventh with market cap plung­i­ng 60 pe­r cent. SBI’s climb to the top is in­teres­t­ing considering that it is the only value ac­c­retive stock among the top seven public sector banks (PSBs) for investors. Bank of Baroda and Punjab National