{"id":355806,"date":"2020-06-05T11:55:42","date_gmt":"2020-06-05T06:25:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=355806"},"modified":"2020-06-05T12:07:13","modified_gmt":"2020-06-05T06:37:13","slug":"ril-m-cap-bigger-than-that-of-top-2-pvt-banks-combined","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-m-cap-bigger-than-that-of-top-2-pvt-banks-combined\/","title":{"rendered":"RIL m-cap bigger than that of top 2 pvt banks combined"},"content":{"rendered":"<p>The market capitalisation of Reliance Industries (RIL) is now greater than the combined m-cap of the country\u2019s top two private banks \u2014 HDFC Bank and ICICI Bank. The change shows a distinct shift in the market\u2019s leadership position in a post-Covid world.  The combined m-cap of the two banking giants on January 31 stood at Rs 10.11 lakh crore, while that of the oil-to-telecom conglomerate was at Rs 8.95 lakh crore. At Thursday\u2019s market close, the m-cap of RIL was Rs 10.01 lakh crore, while the combined m-cap of HDFC Bank and ICICI Bank was at Rs 7.75 lakh crore. <\/p>\n<p>The banking sector has been beaten down on asset quality concerns as the lockdown has hit both retail and corporate borrowers hard. Following the January highs, the markets saw a broad-based sell-off due to the Covid-19 pandemic and the economic uncertainties that came with it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The market capitalisation of Reliance Industries (RIL) is now greater than the combined m-cap of the country\u2019s top two private banks \u2014 HDFC Bank and ICICI Bank. The change shows a distinct shift in the market\u2019s leadership position in a post-Covid world. The combined m-cap of the two banking giants on January 31 stood at Rs 10.11 lakh crore, while that of the oil-to-telecom conglomerate was at Rs 8.95 lakh crore. At Thursday\u2019s market close, the m-cap of RIL was Rs 10.01 lakh crore, while the combined m-cap of HDFC Bank and ICICI Bank was at Rs 7.75 lakh crore. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-355806","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=355806"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355806\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=355806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=355806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=355806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}