CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following banks have been designated as the RBI’s list of D-SIBs?
A
SBI, ICICI Bank and HDFC
B
BoB, PNB and Axis Bank
C
SBI, BoB and ICICI Bank
D
PNB, Dena Bank and Axis Bank
Explanation: 

Detailed explanation-1: -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-2: -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-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: -D-SIB (Domestic Systemically Important Banks) RBI selects banks on their size and their overall contribution in the Indian economy. In addition to the usual capital conservation buffer, D-SIBs will need to maintain additional Common Equity Tier 1 (CET1).

There is 1 question to complete.