4 Indian banks surpass Deutsche Bank in valuation
Four domestic lenders have surpassed Germany-based Deutsche Bank in market capitalisation this year. With a 50% drop in its shares this year, Germany's biggest lender is valued at $18 billion, whereas SBI, ICICI Bank, Kotak Mahindra Bank, and Axis Bank are all valued at over $20 billion. India's most valuable bank, HDFC Bank, is thrice as big as Deutsche Bank.