ICICI Bank closes in on HDFC Bank's valuation lead, gap at 11-year low
ICICI Bank is steadily catching up to HDFC Bank for the title of India's most valuable lender, as the difference in their market capitalization shrank to ₹49,167 crore this Monday. This is the smallest margin recorded since January 2015, when the gap was ₹44,568 crore. The shift in valuations follows leadership tensions at HDFC Bank and worries regarding corporate governance that surfaced after Chairman Atanu Chakraborty stepped down in March.
by shortkt.com✓