ICICI Bank topples Kotak Mahindra to emerge as 2nd most valued private lender in India

ICICI Bank has toppled Kotak Mahindra Bank to regain the second most valued private lender in the country as its market valuation rose to Rs 1.31 lakh crore.

Kotak Mahindra Bank had on Tuesday surpassed ICICI Bank to emerge as the second most valued private lender.

At close of trade today, ICICI Bank's market capitalisation (m-cap) stood at Rs 1,31,023.86 crore, which is about Rs 125 crore more than Kotak's m-cap of Rs 1,30,898.79 crore.

Shares of ICICI ended the day 3.28 per cent higher at Rs 225.30, while Kotak was up 1.40 per cent to Rs 713.50 on BSE.

Kotak Mahindra Bank had overtaken ICICI Bank in market valuation in February this year also.

HDFC Bank remains the biggest lender in terms of market valuation as its m-cap stood at Rs 2,88,800.59 crore, followed by SBI (Rs 1,46,444.79 crore).

The m-cap figure changes daily with the change in the stock price.