SBI surpasses ONGC to become India’s most valuable PSU firm
State-run lender State Bank of India (SBI) on Tuesday surpassed energy firm ONGC to become the country’s most valuable public sector unit (PSU), in terms of market valuation. The market cap of SBI stood at ₹2.35 lakh crore, against ONGC’s ₹2.32 lakh crore. Among the top 10 most valued Indian companies, SBI is at the fifth position.