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SBI Crosses Rs. 5 Trillion Market Cap

Published on September 15, 2022
Current Context: The State Bank of India (SBI) hit the Rs 5-trillion-mark in market capitalization for the first time.
SBI Crosses Rs. 5 Trillion Market Cap
  • The SBI became the third lender bank to cross Rs. 5 trillion market cap mark after HDFC Bank Ltd. (Rs. 8.4 trillion) and ICICI Bank Ltd. (Rs. 6.3 trillion).
  • In the overall context, the SBI stands as the seventh most valued Indian company with Reliance Industries in the first position, followed by TCS, HDFC Bank, Infosys, ICICI Bank, and Hindustan Unilever.
  • In the past three months, SBI has outperformed the market with its stock surging 26% and touching a record high of Rs 564.45.
  • Static part: 
    • The SBI is the public-sector bank in India which was founded in 1955 with its headquarters in Mumbai, Maharashtra. The current Chairperson of the SBI is Dinesh Kumar Khara.

Question: 

Ques.1: Recently the SBI crossed Rs. 5 trillion market cap. It became _____ lender bank to do so.
A. 1st
B. 2nd
C. 3rd
D. 4th
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