Ahead of New Year 2025, India's largest bank earns Rs 20235 crore in one week, market cap climbs to Rs...

The New Year 2025 is almost here and Indian companies hope to see a record growth next year. But even before we enter 2025, good news has come to HDFC Bank, India's largest bank by market cap. The bank earned Rs 20,235.95 crore in one week from December 23 to December 27 in the share market. Its market cap has now surged to Rs 13.74 lakh crore. The share price of the company was Rs 1,801 on Friday, December 27.

HDFC Bank and Mukesh Ambani's Reliance Industries emerged as the biggest gainers in line with an overall optimistic trend in equities this week. Six of the top-10 most valued firms added Rs 86,847.88 crore in market valuation last week. During the same period, the BSE benchmark climbed 657.48 points or 0.84 per cent, and the Nifty rose 225.9 points or 0.95 per cent. HDFC Bank remained the third most valued domestic firm after Reliance Industries and TCS. 

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HDFC Bank is the largest bank in India in terms of market cap, while SBI is the largest government bank in the country. The valuation of the State Bank of India (SBI) tumbled by Rs 11,557.39 crore to Rs 7,13,567.99 crore this week. HDFC Bank was incorporated in 1994 as a subsidiary of HDFC Ltd. In July 2023, HDFC Ltd merged with HDFC Bank.