Domestic Systemically Important Banks of 2021
The list of Domestic Systemically Important Banks (D-SIBs) for 2021 was released by the Reserve Bank of India (RBI). The RBI continues to classify SBI, ICICI Bank, and HDFC Bank as Domestic Systemically Important Banks (D-SIBs), in accordance with the 2020 list of D-SIBs.
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The additional Common Equity Tier 1 (CET1) requirement for DSIBs began to be phased in on April 1, 2016, and it will be in addition to the capital conservation buffer as of April 1, 2019, according to a statement from RBI.
Bucket | Banks | Additional Common Equity Tier 1 requirement as a percentage of Risk Weighted Assets (RWAs) |
5 | – | 1% |
4 | – | 0.80% |
3 | State Bank of India | 0.60% |
2 | – | 0.40% |
1 | ICICI Bank, HDFC Bank | 0.20% |
Financial Stability Report, December 2022 released by RBI
‘Statistical Tables relating to Banks in India: 2021-22’- Web publication released by RBI
In 2015 and 2016, the Reserve Bank classified SBI and ICICI Bank as D-SIBs. SBI, ICICI Bank, and HDFC Bank were all classified as D-SIBs as of March 31, 2017, according to information received from banks. According to a statement made by the RBI in a press release, the most recent update is based on information gathered from banks as of March 31, 2021.
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