SBI becomes second Indian PSU to cross ₹6 lakh crore market cap

Shares of State Bank of India (SBI) on Wednesday rose over 4% to reach an all-time high of ₹675, raising its market capitalisation to over ₹6 lakh crore. SBI thus became the second Indian PSU after LIC with market capitalisation over ₹6 lakh crore. Notably, SBI shares reached a new all-time-high on Thursday, trading at ₹718.