HDFC Bank, Kotak Mahindra pip European majors in market capitalisation! Here’s how

India’s second largest private lender and second most expensive bank globally, HDFC Bank has pipped Deutsche Bank to become more valuable, thanks to European financial stocks.

The mayhem at the European financial stocks made HDFC Bank more valuable than Credit Suisse, SocGen in market capitalisation.

Also, Kotak Mahindra Bank emerged as one of most expensive banking stocks, globally.

As per reports, HDFC Bank's market cap was half that of Deutsche's and presently, it is around double.