The State Bank of India (SBI) has overtaken Tata Consultancy Services (TCS) to become the fourth-largest listed company in India. This marks a rare moment when a public sector bank has climbed ahead of a major IT firm in market value.
SBI’s leap comes on the back of a record-breaking quarterly profit of ₹21,028 crore, a rise of nearly 25% compared to the same period last year. Strong growth in loans, higher interest and fee income, and better asset quality have helped the bank shine, even as other sectors faced pressure.
Investors responded enthusiastically. SBI’s shares surged over 3% to a 52-week high, while TCS saw a modest dip amid broader IT sector weakness. The rise in SBI’s market value to around ₹10.9 lakh crore nudged TCS, at ₹10.5 lakh crore, down a notch in the rankings.
While Reliance Industries, HDFC Bank, and Bharti Airtel continue to hold the top three spots, SBI’s climb reflects renewed confidence in the banking sector, particularly in India’s public banks. Analysts say the move signals that investors are paying closer attention to domestic financial growth, even in a market often dominated by technology companies.