Kotak Mahindra surpasses ICICI Bank in m-cap
Kotak Mahindra Bank on Wednesday surpassed ICICI Bank to emerge as the third most valued lender in India. The market capitalisation (m-cap) of the bank stood at ₹1,29,963.14 crore, as against ICICI Bank's m-cap of ₹1,28,718.22 crore. This comes after ICICI reported its worst consolidated net profit in over a decade, as it plunged 87% in the quarter ended March.