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2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank Becomes 1st Indian Bank to Cross Rs5 trillion Market Capitalisation?
A
HDFC Bank
B
Dena Bank
C
Canara Bank
D
State Bank of India
Explanation: 

Detailed explanation-1: -SBI hits Rs 5-trillion market cap: India’s largest lender State Bank of India (SBI) on Wednesday touched the Rs 5-trillion-mark in market capitalisation for the first time, as the shares of the bank hit a record high of Rs 574.65 and 574.7 per share, up around 3 per cent on the BSE and NSE, respectively.

Detailed explanation-2: -In June 2021, State Bank of India (SBI), an international Public Sector Undertaking (PSU) bank, became the largest bank in India, with a market share of assets of 23% and a market capitalization of 383, 312 crores.

Detailed explanation-3: -The U.S. bank JPMorgan Chase was the largest bank worldwide as of December 31, 2022, by market capitalization.

Detailed explanation-4: -1) HDFC Bank The company was founded on March 11, 1994, by HT Parekh. It has a network of over 6, 342 branches and 18, 130 ATMs. HDFC Bank is India’s second-largest private-sector lender by assets and market capitalization.

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