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SBI, ICICI Bank, HDFC Bank remain systemically important banks, says RBI
Jan. 20, 2021

The RBI said state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions which are 'too big to fail'.

SIBs are subjected to higher levels of supervision so as to prevent disruption in financial services in the event of any failure.

The Reserve Bank had issued the framework for dealing with D-SIBs in July 2014.

"SBI, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2018 list of D-SIBs," RBI said in a statement.

Source: Business Standard