Housing finance major, HDFC has superceded the largest lender of the country, State Bank of India to become the largest lender in terms of market capitalization.

The company's market cap stands at Rs 1.1 lakh crore which is ahead of SBI's by more than Rs 500 crore.

SBI thus now stands second in the race followed by private sector lender ICICI Bank with a market cap of Rs 91,132 crore.

HDFC Bank stands ninth in the race.