16 April 2018

Kotak Mahindra Bank Pips SBI to Become India’s 2nd Most Valuable Bank

Kotak Mahindra Bank Pips SBI to Become India’s 2nd Most Valuable Bank


Shares of private lender Kotak Mahindra Bank Ltd beat India’s largest lender State Bank of India (SBI) for the first time to become the second most valued bank in the country. Data from BSE showed that Kotak Mahindra Bank has a market capitalization of Rs2,22,560.69 crore, after its shares rose 1.7%.

SBI market capitalization stood at Rs2,22,043.74 crore. Its shares were trading at Rs248.80 on BSE, down 1% from its previous close. HDFC Bank Ltd remained country’s most valuable bank with a market capitalisation of Rs5.04 trillion.

Source- The Livemint

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Uday Kotak is the Executive Vice Chairman and Managing Director of Kotak Mahindra Bank.
  • It headquarters in Mumbai.

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