India's Top Lenders Lose ₹50,000 Crore Market Cap Amidst Stock Market Decline
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Top Lenders Lose ₹50,000 Cr: HDFC, ICICI, SBI Drive Nifty Fall
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CNBC TV18•11-03-2026, 14:21
Top Lenders Lose ₹50,000 Cr: HDFC, ICICI, SBI Drive Nifty Fall
•India's three largest lenders (HDFC Bank, ICICI Bank, SBI) collectively wiped out nearly ₹50,000 crore in market capitalization on Wednesday, March 11.
•HDFC Bank's market cap fell over ₹25,000 crore, dropping below ₹13 lakh crore; ICICI Bank lost over ₹10,000 crore.
•SBI's market cap declined by ₹14,000 crore, falling below the ₹11 lakh crore mark in today's session.
•These banks were primary contributors to the Nifty 50 fall and the Nifty Bank index dropping over 1,000 points.
•Brokerage CLSA projects over 25% upside for HDFC Bank and ICICI Bank in the next 12 months; no 'sell' recommendations from analysts for any of the three.
