Bandhan Bank, one of the 2 private banks to have secured RBI’s license to operate in 2014, has now become the 7th most valued listed bank. It has overtaken YES Bank, after its market capitalization touched Rs 842.89 billion. However, its stock erased some its early gains and failed to surpass YES Bank in market capitalization at market close. At market close, YES Bank’s market capitalization stood at Rs 844.12 billion. HDFC Bank remained the most valuable bank with a market capitalization of Rs 5.70 trillion, followed by State Bank of India and Kotak Mahindra Bank with market capitalization of Rs 2.63 trillion and Rs 2.5 trillion, respectively. Bandhan Bank has a gross bad loan ratio of 1.26%, the lowest among Indian lenders.
