Kotak Mahindra Bank has surpassed ICICI Bank to emerge as the third most valued lender in the country. The market capitalisation (m-cap) of the bank stood at rs. 1,29,963.14 crore as against ICICI Bank’s m-cap of rs. 1,28,718.22 crore. This comes after ICICI reported its worst consolidated net profit in over a decade, as it plunged 87% in the quarter ended March.
ICICI Bank’s shares have witnessed selling pressure since the company reported quarterly numbers, falling nearly 8% in three straight trading sessions. Till last year, ICICI Bank’s market cap was more than double of Kotak’s. The m-cap figure changes daily with the change in the stock price.
So let’s discuss some questions related to this post :
1. Kotak Mahindra Bank has surpassed which bank in m-cap recently ?
2. What is the m-cap of ICICI bank as against Kotak Mahindra Bank ?
Courtesy : Economic Times
