Kotak Mahindra Bank beats SBI,becomes India's second most valued bank,
Written by : SMTV24x7 | Tue, Apr 17, 2018, 08:06 PM
New Delhi, Apr 17: The private lender Kotak Mahindra Bank becoming India’s second most valued bank, its' shares increased by 1.8 percent.
The bank has surpassed India's largest lender State Bank of India (SBI). According to the data reported by Bombay Stock Exchange (BSE), Kotak Mahindra Bank has a market capitalization of Rs 2,22,560.69 crore, after its shares rose 1.7 percent.
Earlier today, Kotak Mahindra Bank shares surged to 1.8 percent reaching an all-time high of Rs1, 170.15 apiece.
On the other hand, SBI market capitalization was reported at Rs2, 22,043.74 crore. Its shares were trading at Rs248.80 on BSE, 1 percent lower than its previous close.
Further, maintaining consistency HDFC Bank Ltd remained as country's most valuable bank with a market capitalization of Rs5.04 trillion.