CURRENT AFFAIRS

Detailed explanation-1: -State Bank of India, ICICI Bank, and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2021 list of D-SIBs.

Detailed explanation-2: -Why were only three banks designated as D-SIBs? The RBI announced SBI and ICICI Bank as D-SIBs in 2015 and 2016, respectively. Based on data from banks as of March 31, 2017, HDFC Bank was also classified as a D-SIB, along with SBI and ICICI Bank. The current update is based on data from banks as of March 31, 2022.

Detailed explanation-3: -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-4: -State Bank of India, ICICI Bank, and HDFC Bank have again been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India (RBI) based on data collected as on March 2022.

Detailed explanation-5: -The D-SIBs banks are classified into 5 buckets. Bucket 1, Bucket 2, Bucket 3, Bucket 4 and Bucket 5. With Bucket 5 being the most important followed by rest in decreasing order. State Bank of India is in Bucket 3, while ICICI Bank and HDFC Bank are in Bucket 1.