State Bank of India (SBI) has surpassed the Life Insurance Corporation of India (LIC) to become the most valuable Public Sector Undertaking (PSU) in the country by market capitalization. SBI's shares hit a fresh record high, pushing its market cap above LIC's, reflecting investor confidence in the banking sector.
📚 Test Your Knowledge:
Which entity recently overtook LIC to become India's most valuable Public Sector Undertaking (PSU) by market cap?
Correct Answer: State Bank of India