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Systemically Important Banks 2024
November 19 , 2024
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- The State Bank of India (SBI), HDFC Bank, and ICICI Bank remain classified by RBI as systemically important banks.
- SBI and HDFC Bank required to maintain additional capital buffers starting April 2025.
- Systemically important banks are those considered too big to fail due to their size and some other criteria.
- RBI had classified SBI and ICICI Bank as domestic systemically important banks (D-SIBs) in 2015 and 2016, respectively.
- In 2017, HDFC Bank was also classified as a D-SIB.
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