India’s largest bank joins USD 100 billion market-cap club after…; only behind Mukesh Ambani’s Reliance, TCS and…

News from SBI: State Bank of India (SBI), India’s largest bankIt became the sixth Indian company to enter the $100 billion market capitalization club. This comes a day after SBI’s share price rose more than 1 per cent to hit a record high on Thursday, pushing its market capitalization past US$100 billion.

SBI Share Price

SBI shares closed at Rs 959.85 per capita on the NSE on Thursday, taking its market capitalization to Rs 8.87 lakh crore (over US$ 100 billion). With this milestone, the state-run lender now stands behind only Reliance Industries (US$ 228.7 billion), followed by HDFC Bank (US$ 183.6 billion), Bharti Airtel (US$ 140.3 billion), Tata Consultancy Services (US$ 124.8 billion) and ICICI Bank (US$ 108.5 billion). SBI share price has witnessed a strong upward trend in recent months. The stock gained 10 percent in value last month and more than 23 percent in the last six months.

Why did SBI shares rise?

The rise in SBI share price follows a strong second quarter performance in FY26, with the lender beating analysts’ estimates and reporting solid earnings growth on Wednesday. SBI’s total business has also crossed the Rs 100 lakh crore mark.

SBI Q2 Results

SBI reported a 10 percent year-on-year increase in net profit to Rs 20,159.67 billion in the quarter ended September 2025; this was supported by a profit of Rs 4,593 Million from disposal of 13.18% stake in Yes Bank.

SBI Net Income

SBI’s net interest income (NII) increased by 3.28% to 42,985 billion rupees in the second quarter, while its pre-provision operating profit (PPOP) decreased by 6.8% year-on-year to 27,310.92 billion rupees. For the Second Quarter of 2026, the All Bank Net Interest Margin (NIM) was 2.97% and the Domestic Net Interest Margin (NIM) was 3.09%.