Bharti Airtel has officially surpassed HDFC Bank to become India's second most valuable company, achieving a market capitalization of ₹11.90 lakh crore on the Bombay Stock Exchange (BSE). This milestone was reached as Airtel's shares rallied over 2% intraday, while HDFC Bank's shares struggled, reflecting a mere 1% increase over the same period. The decline in HDFC Bank's stock is attributed to the recent resignation of its part-time chairman, Atanu Chakraborty, amid governance concerns, leading to a 22% drop in shares over the past six months. In contrast, Airtel's shares have surged by 10% in the last week. For the fiscal year ending March 31, 2026, HDFC Bank reported a net profit of ₹19.12 billion, marking a 10.9% year-on-year increase, while its net interest income grew by 3.2% to ₹33.80 billion. However, Airtel faced a 34% decline in its consolidated net profit for the same quarter, posting ₹7,325 crore, largely due to a previous year's tax gain that inflated its profits.