IDFC First Bank joins India's top-10 banks, shares run like a rocket - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News

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Tuesday, September 5, 2023

IDFC First Bank joins India's top-10 banks, shares run like a rocket

IDFC Bank is now included in the top 10 banks of India. On Tuesday, a rocket-like rise was seen in the bank's shares and the market capitalization of the bank increased so much that it has now become one of the top banks of the country.

Private sector IDFC Bank has now joined the top-10 banks of the country. The share price of the bank gained momentum like a rocket on Tuesday and the market capitalization of the bank crossed Rs 65 thousand crore. In this way, IDFC First Bank has now become one of the top 10 banks of the country.

IDFC First Bank shares closed at Rs 99.40 on Tuesday. Since the beginning of the year 2023 till now, it has registered a growth of 62.55 percent. The share price in January was Rs 61.15. In April it had touched the level of Rs 52, but now it is continuously growing. The total market capitalization of the bank is around Rs 65,820 crore.

These are the top-10 banks of India

Public sector State Bank of India is India's largest bank in terms of reach to customers, but it does not have the right to the number-1 position in terms of market capitalization. Let's know the list of top-10 banks of India

India's number-1 bank is HDFC Bank. Its market capitalization (mcap) is more than Rs 12 lakh crore.

ICICI Bank is the second largest bank in the country. Its mcap is around Rs 7 lakh crore.

SBI is the third largest bank in the country. Its valuation is Rs 5.13 lakh crore.

Kotak Mahindra Bank is the fourth largest bank in the country with a valuation of Rs 3.5 lakh crore.

Axis Bank's mcap is Rs 3.02 lakh crore. In this way, it is the fifth most valuable bank in the country.

The valuation of IndusInd Bank is Rs 1.10 lakh crore. It is at number six in the top-10 list.

At number seven is Bank Of Baroda of the government sector. Its mcap is Rs 1.01 lakh crore.

Punjab National Bank is at number 8 in this list with an mcap of around Rs 74,245 crore.

LIC-owned IDBI Bank is the ninth largest bank in the country with an mcap of Rs 69,847 crore.

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