HDFC Bank Becomes 1st Indian Bank to Cross Rs5 trillion Market Capitalisation

India’s most-valued lender HDFC Bank Ltd crossed Rs5 trillion market capitalisation for the first time, making it only the third Indian company to achieve this milestone.

In intraday trade, the stock touched a fresh record high of Rs1,53.75 on the BSE, up 3.31% from its previous close. Tata Consultancy Services Ltd (TCS) and Reliance Industries Ltd (RIL) are the other two companies which crossed market capitalisation of Rs5 trillion.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-

  • HDFC Bank– India’s largest private bank by market capitalization
  • HDFC Bank Chairman– Aditya Puri.
  • Reserve Bank of India labelled HDFC Bank as ‘domestic systematically important bank’—in other words, ‘too big to fail’.
Source- Livemint