SBI's market capitalization crossed Rs 5 lakh crore on Wednesday

15 Sep 2022 , 10:36 AM

State Bank of India (SBI), a government-owned institution, crossed the Rs5 lakh crore mark in market capitalization on Wednesday as its shares reached a record high of Rs564.45.

With this market capitalization, SBI was ranked sixth in terms of market capitalization. SBI has overtaken the market valuation of Rs5 lakh crore, making it the third lender in the nation to do so.

In this ranking, ICICI Bank placed second, with HDFC Bank taking the top spot. SBI shares were trading at Rs573.00, up Rs14.75 or 2.64 %, at 1:10 p.m. The Sensex was now down 126.21 points, or 0.21 %, at 60,444.87, and the Nifty was down 32.90 points, or 0.18%, at 18,037.15.

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