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Detailed explanation-1: -Kotak Mahindra Bank pips SBI to become India’s second most valuable bank. Mumbai: Shares of private lender Kotak Mahindra Bank Ltd on Monday beat India’s largest lender State Bank of India (SBI) for the first time to become the second most valued bank in the country.
Detailed explanation-2: -Private lender Kotak Mahindra Bank on Monday beat State Bank of India for the first time to become the second most valued bank in the country. Kotak Mahindra Bank has a market value of ₹2.23 trillion while SBI has a market value of over ₹2.22 trillion.
Detailed explanation-3: -It is India’s second largest private sector bank by market capitalisation as of November 2021. As of February 2021, the bank has 1600 branches and 2519 ATMs.
Detailed explanation-4: -Our strategic priorities are focused around customers, technology and talent to build a future ready financial services group. We are leveraging emerging opportunities and building our brand through superior customer experience, engaged and talented employees, innovative products and services and community engagement.