Bajaj Finance overtook SBI in market capitalization

Bajaj Finance Ltd based at Pune, Maharashtra, has surpassed India’s largest bank, the State Bank of India (SBI) for the first time, in terms of market capitalization. The market capital of Bajaj Finance stood at Rs 2.32 lakh crore while it was Rs 2.28 lakh crore for SBI.
Bajaj Finance become the fifth most valued in the country’s BFSI (Banking, Financial Services and Insurance) basket.