The RBI had first announced the framework dealing with D-SIBs in 2014 and tagged SBI and ICICI Bank in the list in 2015 and 2016. Reserve Bank of India on Wednesday released the list of banks included in the list,

The Reserve Bank of India (RBI) reaffirmed on Wednesday that State Bank of India, HDFC Bank, and ICICI Bank are India’s key “too-big-to-fail” banks.

The Reserve Bank of India has designated State Bank of India, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) for 2024, requiring them to maintain higher capital buffers.

India's central bank on Wednesday said the State Bank of India, HDFC Bank and ICICI Bank remain the three domestic systemically important banks (D-SIBs) and that the first two would need to maintain an additional capital buffer starting April 2025.

The Reserve Bank of India (RBI) on Wednesday said State Bank of India (SBI), HDFC Bank and ICICI Bank will continue to be identified as Domestic Systemically Important Banks (D-SIBs). The D-SIB designated banks have to maintain additional Common Equity Tier 1 (CET1) in addition to the capital conservation buffer.

The Reserve Bank of India has again designated SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks for 2024. This classification requires these banks to maintain higher capital reserves to ensure financial stability.