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SBI Overtakes TCS as Fourth Largest Indian Company
SBI overtakes TCS in market capitalization rankings.
State Bank of India surpassed Tata Consultancy Services to become the fourth largest Indian company by market capitalization following a strong quarterly performance. Improved asset quality, stable net interest margins, and healthy loan growth strengthened investor confidence. Market participants highlighted resilience in the banking sector amid ongoing economic recovery. Analysts expect continued focus on credit expansion, deposit mobilization, and profitability sustainability.