3 Replies to “which indian bank became the first to touch market capitalisation of Rs 100000 crore in India?”

  1. New Delhi, Sep 28 (PTI) State Bank of India, the country’s biggest lender, today became the first public sector bank to touch a market capitalisation of Rs 1,00,000 crore following a surge of over three per cent in its share price.

    The bank’s shares closed at Rs 1950.70 per share on the BSE, giving it a market cap of about Rs 1,02,665.12 crore.

    Earlier in the day, the shares rose to a life-time high of Rs 1,969.80 crore before ending with the gain of 3.43 per cent over the previous close.

    “We have crossed this milestone for the first time in 200 years history, while doubling the market cap in my tenure (of about 18 months),” SBI Chairman O P Bhatt told PTI here.

    Bhatt took over the bank as the Chairman in June 2006. At that time, SBI’s market cap stood below Rs 50,000 crore.

    The milestone has been achieved with the help of two lakh strong workforce of the bank and over 100 million customers, he said.

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