17 April 2018 Current Affairs: Shares of private lender Kotak Mahindra Bank Limited 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 Limited remained country’s most valuable bank with a capitalization action of Rs5.04 trillion.