SBI, HDFC Bank, and ICICI Bank Included in RBI's 2024 D-SIBs List.

Banking & Finance

The Reserve Bank of India (RBI) has designated State Bank of India (SBI), HDFC Bank Limited, and ICICI Bank Limited as Domestic Systemically Important Banks (D-SIBs) for 2024, marking them as 'too big to fail'. They must maintain higher Common Equity Tier 1 (CET1) capital buffers to ensure financial stability.


      - These three banks continue to be under the same bucketing structure as in the 2023 list of D-SIBs.

      - SBI remains in the top 4 D-SIBs, requiring an additional CET1 buffer of 0.80%.

      - HDFC Bank, the largest private lender, is classified in bucket 2, with a CET1 buffer requirement of 0.40%.

Main Points:-   (i) ICICI Bank is in bucket 1, needing an additional 0.20% CET1 buffer.

      (ii) The higher D-SIB surcharges for SBI (0.80%) and HDFC Bank (0.40%) will apply from April 1, 2025.

(iii) Until March 31, 2025, the surcharge for SBI is 0.60% and for HDFC Bank is 0.20%. The classifications are based on data collected from banks as of March 31, 2024.
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CEO : Shaktikanta Das
Deputy Governors : Swaminathan Janakiraman
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