Top 10 most valuable banks in India in 2026: SBI overtakes ICICI Bank in market cap to become #2, check who is #1
Indian Express·1h ago·Neutral
What Happened
State Bank of India moved ahead of ICICI Bank in market capitalisation during January-March 2026, becoming India's second-largest lender by market value. SBI's market cap declined slightly by 0.3 percent while ICICI Bank fell over 10 percent. The banking sector faced pressure as 18 of 20 largest listed banks reported declining market caps. HDFC Bank remained India's most valuable lender despite a 26.1 percent drop, maintaining approximately Rs 11,261 billion market capitalisation.
Key Entities
State Bank of India (SBI)ICICI BankHDFC BankIDBI BankIDFC First BankAxis BankKotak Mahindra BankUnion Bank of IndiaS&P Global Market IntelligenceForeign Portfolio Investors (FPIs)