Points to Remember:
- The State Bank of India (SBI) re-entered the top 10 most valued domestic firms in India by their market valuation.
- Two weeks earlier, the bank lost its tenth spot to Bajaj Finance in the list.
- At the close of trade, SBI’s market capitalisation stood at 2,27,979 crore, higher than the 2,25,080-crore market capitalisation of Bajaj Finance.
- Others in the top-10 list are HDFC Bank, Hindustan Unilever Ltd, HDFC, Infosys, Kotak Mahindra Bank, ITC, ICICI Bank and SBI.
- Bajaj Finance is now on the 11th spot in the ranking of top 100 companies by m-cap.
- Formerly: Imperial Bank of India
- Type: Public
- Imperial Bank of India (1921-1955)
- Bank of Calcutta (1806-1921)
- Bank of Bombay (1840-1921)
- Bank of Madras (1843-1921)
- State Bank of Travancore (1945-2017)
- 2 June 1806, Bank of Calcutta
- 15 April 1840, Bank of Bombay
- 1 July 1843, Bank of Madras
- 27 January 1921, Imperial Bank of India
- 1 July 1955, State Bank of India
- Headquarters: Mumbai, Maharashtra, India
- Chairman: Rajnish Kumar
Important Possible questions based on above News:
- Recently which bank re-entered in the list of India’s top-10 most valued domestic firms by their market valuation? State Bank of India (SBI)
- Who is the current chairman of State Bank of India (SBI)? Rajnish Kumar