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The stock market value of HDFC Bank is now almost the same as that of State Bank of India and all the 19 nationalized banks put together.
These 20 banks control over 70% of bank lending in the country whereas HDFC Bank, the country’s second largest private lender, accounts for 6%.
The market capitalization of the nationalized banks and SBI taken together on Friday stood at Rs 2.77 lakh crore, only Rs 14,000 crore more than the valuation of HDFC Bank at Rs 2.63 lakh crore. Between January 2015 and 2016, the combined m-cap of the nationalised banks and more so, the SBI, has fallen by a huge 41%.
For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH
The market capitalization of the nationalized banks and SBI taken together on Friday stood at Rs 2.77 lakh crore, only Rs 14,000 crore more than the valuation of HDFC Bank at Rs 2.63 lakh crore. Between January 2015 and 2016, the combined m-cap of the nationalised banks and more so, the SBI, has fallen by a huge 41%.
For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH
Posted in: Indian Market Tips
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