SBI adds â¹60,000 cr in market value after shares surge 25%
Shares of State Bank of India (SBI) surged over 25% during intraday trade on Wednesday after the government announced â¹2.11 lakh crore recapitalisation plan for state-owned banks. The bank added more than â¹60,000 crore to its market capitalisation in Wednesday's session alone. Notably, this is also SBI's biggest single-day jump since January 1994.