SBI drops out of India's top 10 most valued companies

With the m-cap of Rs 2,229 billion, SBI stands at 11th rank, behind of Kotak Mahindra Bank, which has m-cap of Rs 2,231 billion at 02:18 pm, the BSE data shows.

State Bank of India (SBI), India’s largest state-owned bank, lost its place in the list of the country’s 10 most valued companies in terms of market capitalisation after the stock price of bank declined for the fourth straight trading days on the BSE.

With the m-cap of Rs 2,229 billion (Rs 2.229 trillion), SBI is currently stands at 11th rank, behind of Kotak Mahindra Bank, which has m-cap of Rs 2,231 billion (Rs 2.231 trillion) at 02:18 pm, the BSE data shows.

Kotak Mahindra Bank now become the second most valuable bank in terms of market-cap, replaced the