State Bank of India (SBI), became the seventh Indian listed company to achieve a market capitalisation of Rs 8 lakh crore

Daily Current Affairs / State Bank of India (SBI), became the seventh Indian listed company to achieve a market capitalisation of Rs 8 lakh crore

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Category : Business and economics Published on: June 06 2024

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State Bank of India (SBI), the largest commercial bank in India, has reached Rs 8 lakh crore in market capitalisation, becoming the seventh listed company in India to do so.
On June 3, 2024, SBI shares hit a record high of Rs 899.55 on the BSE.
With this achievement, SBI joins an exclusive group of companies, including Reliance Industries, Tata Consultancy Services, HDFC Bank, Bharti Airtel, Infosys, and ICICI Bank.
As the most profitable and largest bank in India, SBI boasts the most extensive network of branches and ATMs, as well as the highest number of foreign branches among Indian banks.