The bank has surpassed India’s largest lender State Bank of India (SBI). According to the data reported by Bombay Stock Exchange (BSE) Kotak Mahindra Bank has a market capitalisation of Rs 2,22,560.69 crore, after its shares rose 1.7 per cent.
Earlier today, Kotak Mahindra Bank shares surged to 1.8 per cent reaching an all-time high of Rs1, 170.15 apiece.
On the other hand, SBI market capitalisation was reported at Rs2, 22,043.74 crore. Its shares were trading at Rs248.80 on BSE, 1 per cent lower than its previous close.
Further, maintaining consistency HDFC Bank Ltd remained as country’s most valuable bank with a market capitalisation of Rs5.04 trillion.