Chennai: HDFC Bank Ltd is the most valued Indian bank with a market cap of Rs 6.45 trillion, followed by State Bank of India and Kotak Mahindra Bank with market cap of Rs 2.76 trillion and 2.71 trillion, respectively.Private lender YES Bank Ltd has slipped three notches to 10th spot, in terms of market valuation, for the first time, as its shares slumped over 30 per cent in the last two sessions after the bank reported a surprise net loss in its March quarter earnings.
YES Bank is now the 10th most valued bank from seventh earlier, slipping below market valuation of state-run lenders – Bank of Baroda and Punjab National Bank.
Data from BSE showed that Bank of Baroda (BoB) and Punjab National Bank (PNB) have a market capitalization of Rs 40348.20 crore each. Shares of BoB traded at Rs 118 on BSE, down 0.7 per cent from previous close, while those of PNB were down 0.4 per cent at Rs 86.85. So far this year, BoB has declined 2.6 per cent, while PNB has risen 9 per cent.