Reserve Bank Of India: If you also have an account in State Bank, ICICI Bank or HDFC Bank, then this is important news for you. Reserve Bank of India has given great information about these three banks. The Reserve Bank of India (RBI) on Tuesday said state-run State Bank of India, along with private sector lenders ICICI Bank and HDFC Bank, are systemically important banks at the domestic level. (D-SIB) remain. These institutions are so important that their failure will have a huge impact on the country’s economy.
Will have a deep impact on the economy
The banks that come under SIBs are considered important and they are so important that their failure can have a huge impact on the country’s economy. Based on this idea, support from the government is expected for these banks in times of crisis. Due to this assumption these banks get some advantage in the financing market.
RBI gave information
The Reserve Bank said in a statement, “State Bank of India (SBI), ICICI Bank and HDFC Bank continue to be systemically important banks domestically. It is under the same structure as the list of D-SIBs of 2020.
Was included in the D-SIB list in 2015
The Additional Shared Equity Capital (Tier 1) requirement for D-SIBs was implemented in a phased manner with effect from April 1, 2016 and became fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital conservation buffer. SBI and ICICI Bank were included in the category of D-SIBs by the Reserve Bank in 2015 and 2016. HDFC Bank has also been included in the category of D-SIB as on March, 2017 based on the data received from the banks. The current update is based on the data received from banks as on March 31, 2021.