India has 24 listed government-owned banks – State Bank of India and three associates, 14 banks nationalised in 1969, and six banks nationalabout Rs 1.59 lakh crore. That was fractionally less than the value of asingleHDFC Bank,which started from scratch in 1993 and had a market cap of Rs 1.6 lakh crore. The brightest star on the public sector banking horizon, State Bank of India, had a value on the market (Rs 1.13 lakh crore) that was less than that of ICICI Bank (Rs 1.21 lakh crore). In other words, two private banks of relatively recent vintage commanded greater value than the entire public sector banking system.
No comments :
Post a Comment