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Published on Nov 14, 2024
Current Affairs
Reserve Bank of India
Reserve Bank of India

♦ The Reserve Bank of India released its latest list of Domestic Systemically Important Banks (D-SIBs) on 13 Novembet 2024. The list includes State Bank of India, HDFC Bank, and ICICI Bank. 

♦ RBI said SBI, HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs) under the same bucketing structure as in the 2023 list of D-SIBs. 

♦ The framework for D-SIBs was issued in July 2014. SBI and ICICI Bank were identified as D-SIBs in 2015 and 2016, while HDFC Bank was classified as D-SIB in 2017, apart from SBI and ICICI Bank. 

♦ Also as per the D-SIB requirements, SBI and HDFC Bank would need to maintain an additional capital buffer starting April 2025.