Question: Which bank recently became India’s second most valuable lender?
(a) SBI
(b) Kotak Mahindra
(c) HDFC
(d) ICICI
Answer: (b)
Related Facts:
- On April 16th, 2018, Kotak Mahindra Bank, led by Uday Kotak, became second most valuable lender in the context of market capitalization leaving behind SBI.
- Kotak Mahindra Bank is one of the top 10 most valuable companies on the India Stock Exchange (BSEF).
- The market capitalization of Kotak Mahindra Bank is Rs 2, 22,970.4 crore.
- HDFC Bank is the country’s most valuable bank with market capitalization of 5.04 lakh crores.
Reference:
https://www.livemint.com/Money/GTOdARRGNGY5kmoiD116NN/Kotak-Mahindra-Bank-pips-SBI-to-become-Indias-second-most-v.html
https://www.businesstoday.in/sectors/banks/kotak-mahindra-bank-sbi-india-second-most-valued-bank/story/275025.html
https://economictimes.indiatimes.com/markets/stocks/news/kotak-bank-goes-past-sbi-to-become-indias-2nd-most-valuable-lender/articleshow/63792853.cms