RBI declares SBI, ICICI Bank, and HDFC Bank as systematically important banks
The Reserve Bank of India (RBI) has announced that the State Bank of India (SBI), ICICI Bank, and HDFC Bank will continue to be designated as Domestic Systemically Important Banks (D-SIBs). These banks are considered “too big to fail,” and their importance to the country’s financial system means that they require additional regulatory supervision. This…
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