SBI, HDFC Bank, ICICI Bank: RBI’s 2024 D-SIBs List
The RBI reaffirmed SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) for 2024, reflecting their critical role in India’s financial system. These banks must maintain higher capital buffers determined by their Systemic Importance Score (SIS). Adjusted capital surcharges for SBI and HDFC Bank will apply from April 2025. The framework, updated in December 2023, mandates annual public disclosure and aims to bolster financial stability. Foreign Global Systemically Important Banks (G-SIBs) operating in India also face additional CET1 requirements proportional to their local RWAs.
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