ICICI Bank m-cap tops Rs 8 lakh crore, cuts its value gap with HDFC to half

April 30, 2024

Following the merger of HDFC and HDFC Bank on July 24 last year, HDFC Bank’s market-cap was 82% higher than ICICI Bank. ICICI Bank was valued at ₹6.94 lakh crore then while HDFC Bank’s market- cap stood at ₹12.66 lakh crore. On Monday, this gap was reduced to 41%, with HDFC valued at ₹11.49 lakh crore and ICICI Bank at ₹8.14 lakh crore.

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