RBI’s 2024 List of Domestic Systemically Important Banks
On 13th November, 2024, the Reserve Bank of India (RBI) reaffirmed the status of State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). This classification remains unchanged from the previous year.
Key Points
- These 3 banks are in the same category (or bucket) as the 2023 list of D-SIBs.
- The Reserve Bank designated SBI and ICICI Bank as D-SIBs in 2015 and 2016, and HDFC Bank joined them in 2017.
Definition of D-SIBs
- D-SIBs are financial institutions whose failure could disrupt the domestic financial system and economy due to their size, interconnectedness, and ....
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