ICICI Bank regains second most valued private lender status

Mumbai: ICICI Bank has toppled Kotak Mahindra Bank to regain the second most valued private lender in the country as its market valuation rose to ₹ 1.31 lakh crore.

Kotak Mahindra Bank had on Tuesday surpassed ICICI Bank to emerge as the second most valued private lender. At close of trade on Monday, ICICI Bank’s market capitalisation stood at ₹ 1,31,023.86 crore, which is about ₹ 125 crore more than Kotak’s capitalisation of ₹ 1,30,898.79 crore.

Shares of ICICI ended the day 3.28% higher at ₹ 225.30, while Kotak was up 1.40% to ₹ 713.50 on BSE.

Kotak Mahindra Bank had overtaken ICICI Bank in market valuation in February this year as well.

HDFC Bank remains the biggest lender in terms of market valuation as its market capitalisation stood at ₹ 2,88,800.59 crore, followed by SBI ( ₹ 1,46,444.79 crore).

The market capitalisation figure changes daily with the change in the stock price.