Indian banks: SBI, ICICI Bank, HDFC Bank remain domestic systemically important banks, RBI says

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The Reserve Bank of India said on Monday State Bank of India, ICICI BankAnd HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs).

The central bank initially released a framework for dealing with D-SIBs in July 2014, which required it to disclose the names of designated banks from 2015 and place them in appropriate buckets depending on their systemic importance scores (SISs).

The RBI declared SBI and ICICI Bank was a D-SIB in 2015 and 2016 HDFC Bank Added to list on March 31, 2017.

The current update is based on data collected from banks as on March 31, 2022.

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A bank should use the additional common stock requirement based on the bucket in which it is placed

“If a foreign bank is a Global Systemically Important Bank (G-SIP) with branches in India, it will be eligible as a G-SIP and will have to maintain an additional CET-1 capital surcharge in India commensurate with its risk weight. Assets in India (RWAs), viz. , the additional CET1 buffer (amount) prescribed by the home regulator will be multiplied by the India RWA multiplied by the total consolidated global group books divided by the total consolidated global group RWA,” RBI said in a statement.


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