SBI, HDFC and ICICI included in the list of important banks

News13 November 14, 2024

New Delhi. The Reserve Bank of India (RBI) has again included State Bank of India, HDFC Bank and ICICI Bank in the list of Domestic Systemically Important Banks (D-SIBs). The central bank released the list of D-SIBs on Wednesday.

To be included in the list, lenders are required to maintain high ‘Common Equity Tier 1’ (CET 1) in addition to capital conservation reserves as per the ‘bucket’ under which it is classified. According to the list, State Bank of India (SBI) still remains in 'Bucket 4', for which the country's largest lender will have to maintain an additional CET 1 of 0.80 per cent.

Apply for SBI Card and get some special

HDFC Bank, the largest private sector lender, has been placed in 'Bucket 2', under which it will have to maintain 0.40 per cent higher CET 1. The central bank said that the higher D-SIB surcharge for SBI and HDFC Bank will be applicable from April 1, 2025. Therefore, the D-SIB surcharge applicable on SBI and HDFC Bank till March 31, 2025 will be 0.60 per cent and 0.20 per cent respectively. ICICI Bank is classified in 'Bucket 1', in which the second-largest private sector lender will have to maintain an additional 0.20 per cent in CET 1 reserves.

Apply For HDFC Bank Credit Card because now these bank is in an important list

RBI said this classification is based on data collected from banks till March 31, 2024. The central bank first announced the framework to deal with D-SIBs in 2014. In the years 2015 and 2016, SBI and ICICI Bank were included in this list. HDFC Bank was also included in the list in 2017 along with other two banks.