Wednesday, November 16, 2011

HDFC Bank took over the mantle as the most valued bank in India

Adding more troubles to SBI, HDFC, India's second largest private sector bank has took over the mantle of the largest bank in terms of market capitalization.HDFC Bank's market cap stands at 1.10 lakh crore , which is approximately a percent higher than SBI's Rs 1.09-lakh crore. HDFC bank's total assets are almost one sixth of SBI's asset which is around twelve lakh crore.

The drop in the price of share of SBI has helped HDFC to acquire higher market cap. The negative growth of SBI is due to its exposure to sectors like aviation, infrastructure and power. What has caused more worry is SBI has the largest exposure to Kingfisher Airlines.

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