- LATEST
- WEBSTORY
- TRENDING
PERSONAL FINANCE
THESE banks are 'too big to fail', RBI list revealed
The Reserve Bank of India produced a list of the nation's most trusted banks. One government-sponsored bank has made it.
Updated : Jan 08, 2023, 12:42 AM IST
 "Representational Image")
TRENDING NOW
)
India vs Australia Live Streaming: When and where to watch first Test of Border-Gavaskar Trophy on TV and online
)
Allu Arjun, Rashmika Mandanna's Pushpa 2 has already earned Rs 1000 crore before its release, here's how
)
Hinduja Group firm gets key approval for acquisition of Anil Ambani's debt-ridden Reliance Capital
)
Gandii Baat, XXX actress Aabha Paul sets Instagram on fire with hot photos
)
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan tells Amitabh Bachchan: 'I hope people don't...'
)
7 times XXX, Gandii Baat actress Aabha Paul crashed the internet by flaunting her sexy curves
)
After separation from ex-wife Saira Banu, AR Rahman makes major announcement: 'I am deeply grateful to...'
)
Shweta Tiwari's wedding photos with Bigg Boss 13 contestant Vishal Aditya Singh go viral, here's the truth behind them
)
Mukesh Ambani's Jio to get tough competition from BSNL, plan provides unlimited benefits for less than Rs...
)
Meet Mathira Khan, Pakistani influencer whose private video leaked after Minahil Malik, Imsha Rehman
)
'Good to be back': After breaking up with Malaika Arora, Arjun Kapoor reunites with his 'partner-in-crime after ages'
)
Amid Aishwarya Rai-Abhishek Bachchan divorce rumours, Jaya Bachchan says 'not my daughter' in viral video
)
After breakup with Malaika Arora, Arjun Kapoor dedicates his new tattoo to this special person in his life
)
'It's Abhishek, Aishwarya': Netizens react after celeb divorce lawyer says star couple is facing 'breakdown in marriage'
)
Meet richest footballer of 2024, not Cristiano Ronaldo, Lionel Messi, his net worth is...
The Reserve Bank of India (RBI), India's central bank, has revealed which banking firms are the most systematically important ones. The client and the Indian economy rely so heavily on these banks that if they suffer a loss, the whole nation would feel it. Two commercial banks and one public bank are on the RBI's list of Domestic Systemically Important Banks (D-SIBs). There are some familiar bank names on the list as well, as it contains data from the previous year.
According to the Reserve Bank of India (RBI), the three biggest banks in India—the public sector State Bank of India (SBI), the private sector HDFC Bank, and ICICI Bank—are all featured in this 2022 list. Some of the largest and most influential financial institutions in India are featured in this list of domestic systemically significant banks. The Reserve Bank of India (RBI) pays close attention to these institutions, and any news of their failure would be devastating.
The Reserve Bank of India applies a stringent scale to the listed banks. To meet regulatory requirements, these financial institutions must maintain a certain percentage of their risk-weighted assets as Tier-1 equity. The Reserve Bank of India mandates that SBI put aside 0.60 percent of its reserved assets as tier-I equity, whereas HDFC and ICICI Bank are only need to set up 0.20 percent.
The Reserve Bank of India (RBI) has issued and closely monitored a list of critical banks in the country's financial system and economy since 2015. Annually in August, the Reserve Bank of India (RBI) conducts an assessment of banks based on their reach and operations to compile a list of the most significant banks in India. Only three financial institutions are represented here at the moment. The listed banks are safe from insolvency, and the government is ready to aid them if necessary.
Also, READ: Bank Privatisation: SBI, PNB to go private? Here’s list shared by NITI Aayog
RBI has compiled a list of top performing banks as of March 2022. The RBI initially only listed SBI and ICICI Bank on this list in 2015 and 2016. Looking at the data up till March of 2017, HDFC Bank was afterwards included. When the first list was revealed in 2015, it had just two names, which prompted suspicions at global rating agency Moody's.
