State-owned lenders such as Indian Overseas Bank and Central Bank of India saw a surge in market capitalization in the second quarter as stronger metrics and low valuations attracted investors.
State-owned lenders such as Indian Overseas Bank and Central Bank of India saw a surge in market capitalization in the second quarter as stronger metrics and low valuations attracted investors.
Among the biggest private sector lenders, HDFC Bank shed 4.8% in market capitalization in the third quarter, while ICICI Bank dropped 6.7%. The lenders posted market cap gains in the April–June quarter.