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

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.
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