SBI overtakes ICICI Bank to become India's 2nd-most valuable bank

SBI overtook ICICI Bank to become India's second-biggest lender by market capitalisation during the January-March quarter, according to S&P Global Market Intelligence data. SBI climbed one spot despite 0.3% decline in its market value, whereas ICICI Bank saw a sharper correction of over 10%. Among the 20 listed banks, 18 banks saw drop in their market capitalisation during the quarter.