Delhi Delhi: Seven of the 12 largest Indian banks that recorded a decline in their market cap in the January-March 2025 quarter were state-owned, according to S&P Global Market Intelligence data and analysis.
Indian Overseas Bank saw its market cap fall 24.7 per cent quarter-on-quarter to Rs 736.63 billion.
Central Bank of India declined 19.8 per cent, according to S&P Global Market Intelligence data.
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HDFC Bank retained its position as the largest Indian bank, with its market cap rising 3.2 per cent quarter-on-quarter to Rs 13.989 trillion.
Market capitalisation or market cap is the total value of a company’s stock, obtained by multiplying the stock’s price by the number of its outstanding shares.
Kotak Mahindra Bank Ltd. recorded the biggest improvement in its market cap, rising 21.6 per cent to Rs 4.317 trillion.
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Furthermore, ICICI Bank Ltd. and Axis Bank were among the top five in the market cap ranking, according to S&P Global Market Intelligence data. ICICI Bank’s market cap rose 5.3 per cent to Rs 9.529 trillion and Axis Bank’s rose 3.5 per cent to Rs 3.412 trillion.
Indusind Bank Ltd. recorded the biggest decline in overall market cap. The private sector bank saw its market cap fall 32.3 per cent quarter-on-quarter to Rs 506.27 billion.
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The country’s largest bank by assets, State Bank of India, was the third-largest lender by market cap, while its capitalisation fell 2.9 per cent to Rs 6.660 trillion during the quarter.
Three public sector banks – Union Bank of India, Indian Bank and Bank of India Ltd – saw their market cap rise during the first quarter, according to S&P Global Market Intelligence data.
