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SBI Surpass 5 Trillion Market Cap: The largest public sector bank i.e. State Bank of India has added a big achievement in its bag. The bank has crossed the big benchmark of Rs 5 lakh crore in market capitalization. State Bank is the third bank listed on the Bombay Stock Exchange to touch this big benchmark of market capital. Earlier this big achievement was achieved only by HDFC Bank and ICICI Bank.
So much return given to investors-
State Bank of India has made its investors rich and has given a return of about 28.91% in the last one year. SBI’s stock has touched its all-time high price of Rs 564.85 (SBI Share Price) on the Bombay Stock Exchange (BSE), which is up by 1.3% more than the previous close. The special thing is that SBI is closing on the green mark from previous sessions. With this, a total increase of 6% has been registered in the stock of SBI.
Included in the country’s 7 largest Indian firm
After the tremendous increase in the shares of State Bank of India and its market capital crossing Rs 5 lakh crore, it has been included in the list of 7 largest Indian firm in the country. The names of Tata Consultancy Services, HDFC Bank, Reliance Industries, Infosys, ICICI Bank and Hindustan Unilever are included in this list. Now the name of State Bank has been added to this list at 7th place.
What is the market capitalization of HDFC and ICICI Bank?
If we talk about banks, then State Bank is the third bank to make a place in this list. At the same time, the market capital of HDFC Bank is beyond Rs 8.42 lakh crore. With this, the market capital of ICICI Bank is beyond 6.34 lakh crores. At the same time, the market capital of State Bank has now crossed the Rs 5 lakh crore mark. Exerts believes that State Bank is growing very fast and is getting better returns to the investors due to excellent credit demand and management.
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