CURRENT AFFAIRS

Detailed explanation-1: -However, Axis Bank provides a better risk-reward opportunity in terms of valuation, as it is trading at 2.5 times its book value while ICICI Bank and HDFC Bank are trading at 3.4 and 3.64 times their book value, respectively."

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: -The scheduled banks are those banks that are listed in the second schedule of the RBI Act 1934. But a bank needs to have a paid-up capital and raised funds of at least Rs. 5 lakh to be eligible as a scheduled bank.

Detailed explanation-4: -ICICI Bank Limited is an Indian Private bank. It is headquartered at Mumbai.