RBI included HDFC Bank in the list of ‘too big to fail’ lenders, referred to as D-SIB or domestic systemically important bank. India’s largest lender SBI and private sector major ICICI Bank were classified as D-SIBs in 2015.
With the inclusion of HDFC Bank in the list, there will now be three ‘too big to fail’ financial entities in the country.
Important Takeaways from Above News-
- Aditya Puri is the CEO of HDFC Bank.
- It headquarters in Mumbai, Maharashtra.
Source- The Hindu