 "Bank, Banking, PSBs")
On June 19, Bank of Baroda (BoB) became the second government-owned bank to cross Rs. 1 trillion market capitalisation after its share price rose a little over 3 per cent to Rs. 194.22. The other government-owned bank with a market cap upwards of a trillion is the country’s largest lender, State Bank of India (SBI).
Market cap is the value of a company’s all outstanding shares and refers to its worth as determined by the stock market.
Last Friday, the BoB share closed at Rs. 208.90 and its market cap touched Rs. 1.08 trillion. SBI’s market cap was five times bigger
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