State Bank of India, the only bank from India to figure in the FT Global 500 list, is amongst the top 50 Banks of the World by market value as on 31 December 2008. The complete list is available here. With a market capitalization of 16.8 billion dollars SBI stands at 43rd rank in the world in comparision to other banks. If Financial Services sector is included SBI ranks 52 with only 0.2 billion dollars less than coming within top 50.
SBI has higher market value than HBOS & Lloyds TSB of U.K., and Wachovia of U.S. It is quite close to U.K.'s fourth largest bank - Barclays which ranks 39 and has market value of 18.5 b$. These ranks are based on market value as on 31 December 2008. Since then Barclays market value has fallen considerably. Today, Barclays has dropped by about 25% to 12 billion dollars. Though market value is changing everyday it is the best measure which ideally(in an efficient market) takes into consideration all the fundmentals of the business.
At todays closing price and exchange rate SBI's market cap is 15.2 billion dollars.
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