SBI, ICICI Bank, HDFC Bank remain systemically important banks: RBI
3 years, 11 months ago

SBI, ICICI Bank, HDFC Bank remain systemically important banks: RBI

India TV News  

The RBI on Tuesday said state-owned SBI, along with private-sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks or institutions that are 'too big to fail'. "SBI, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks, under the same bucketing structure as in the 2018 list of D-SIBs," RBI said in a statement. The additional CET1 requirement as a percentage of Risk-Weighted Assets in case of the State Bank of India is 0.6 per cent, while for the other two banks it is 0.2 per cent. In case a foreign bank having a branch presence in India is a Global Systemically Important Bank, it has to maintain additional CET1 capital surcharge in the country as applicable, proportionate to its RWAs.

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