Kotak Mahindra surpasses Maruti

New Delhi: Private sector lender Kotak Mahindra Bank’s market valuation surpassed that of Maruti Suzuki to enter the top 10 club by market capitalisation in the country on Friday. It has also become the country’s fourth most valued bank in terms of market capitalisation after HDFC Bank, SBI and ICICI Bank. At the end of trade on the BSE, Kotak Mahindra Bank’s market capitalisation stood at 2,22,656.33 crore, while that of auto major Maruti Suzuki India was at 2,21,486.61 crore. The scrip of Kotak settled 0.42 per cent higher at 1,167.