The Reserve Bank of India (RBI) has reaffirmed State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). Notably, SBI and HDFC Bank have been shifted to higher buckets, necessitating increased D-SIB buffer requirements effective April 1, 2025.
The classification of HDFC Bank considers its increased systemic importance post the merger of HDFC Ltd into the bank on July 1, 2023.
Established in 2014, the D-SIB framework mandates the RBI to disclose the names of designated banks annually. The banks are categorized based on their Systemic Importance Scores (SISs) into different buckets, each attracting an additional common equity requirement.
In response to India’s fast-growing economy, the RBI recently tightened norms for personal loans and credit cards, imposing higher capital requirements to mitigate risks and potentially slow loan growth. The move is in line with the central bank’s commitment to act early and decisively to prevent risk build-up.
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