BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
RBI included____in the list of ‘too big to fail’ lenders, referred to as D-SIB or domestic systemically important bank. India’s largest lender SBI and private sector major ICICI Bank was classified as D-SIBs in 2015.
A
Kotak Mahindra Bank
B
Bank of Baroda
C
Axis Bank
D
HDFC Bank
Explanation: 

Detailed explanation-1: -The RBI had announced SBI and ICICI Bank as D-SIBs in 2015 and 2016. Based on data collected from banks as on March 31, 2017, HDFC Bank was also classified as a D-SIB, along with SBI and ICICI Bank. The current update is based on the data collected from banks as on March 31, 2022, the RBI said.

Detailed explanation-2: -The RBI on Monday said state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions which are ‘too big to fail’.

Detailed explanation-3: -Download The Economic Times News App to get Daily Market Updates & Live Business News. The Reserve Bank of India on Monday said that the State Bank of India, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs).

Detailed explanation-4: -SBI and ICICI Bank were designated as D-SIBs by the Reserve Bank in 2015 and 2016. In accordance with information gathered from banks as of March 31, 2017, SBI, ICICI Bank, and HDFC Bank were all designated as D-SIBs.

Detailed explanation-5: -The Reserve Bank had issued the Framework for dealing with Domestic Systemically Important Banks (D-SIBs) on July 22, 2014.

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