 "SBI plans to mop up Rs 5,000-crore debt capital via tier-II bonds")
A sharp fall in state-owned companies at the bourses thus far in calendar year 2019 (CY19) has booted out public sector undertaking (PSU) from the top-10 market capitalisation (market-cap) club.
India’s largest bank by assets, State Bank of India (SBI) and the sole stock to hang on to this elite list was evicted last week, with its market-cap out falling below that of Bajaj Finance. Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever, HDFC, Infosys, ITC, Kotak Mahindra Bank and ICICI Bank are now among the top 10 companies with the highest market-cap.
While the S&P BSE PSU
