SBI overtakes TCS, becomes India’s 4th largest company by market cap

Current Context: On 11 Feb 2026, State Bank of India (SBI) overtook Tata Consultancy Services (TCS) to become India’s 4th largest company by market capitalization.

• SBI Market Cap: ₹10.9 lakh crore; TCS Market Cap: ₹10.53 lakh crore.
• Driven by Q3 FY26 results, SBI posted a record net profit of ₹21,028 crore, up 24.5% YoY.
• Asset Quality: Gross NPA ratio improved to 1.57%, boosting investor confidence.
• SBI now ranks behind Reliance Industries, HDFC Bank, and ICICI Bank in market value.
• Significance: Marks a shift in corporate leadership — banking & financial services overtaking IT giants.
• Reflects India’s growing emphasis on financial sector strength and self-reliant banking growth.

Question:

Q.1 Which bank overtook which IT company to become India’s 4th largest firm by market capitalisation?
a) State Bank of India overtook Infosys
b) State Bank of India overtook Tata Consultancy Services
c) Punjab National Bank overtook Wipro
d) Bank of Baroda overtook HCLTech

Answer: b) SBI surpassed TCS in market value, signalling a major shift where the banking sector outpaced a leading IT giant in investor valuation.