SBI, HDFC Bank and ICICI remain RBI's Systemically Important Banks
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. SBI, categorized in the highest bucket, will need to increase its Common Equity Tier 1 capital to 0.
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