India's central bank on Wednesday said the State Bank of India, HDFC Bank and ICICI Bank remain the three domestic systemically important banks (D-SIBs) and that the first two would need to maintain an additional capital buffer starting April 2025.

MUMBAI: State Bank of India, HDFC Bank and ICICI Bank continue to be identified as systemically important domestic banks in the 2024 list of this category prepared by the Reserve Bank of India. They were in the same bucketing structure as in the 2023 list as well.

Shares of State Bank of India fell after the country’s largest lender reported a contraction in margins and higher provisions for bad loans. The bank forecast lower-than-expected deposit growth for this fiscal year.

State Bank of India, HDFC Bank and ICICI Bank have again been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India. The Reserve Bank on Wednesday came out with the list of D-SIBs.

HDFC Bank, the largest private sector lender, continues to be bracketed in bucket 2, under which it will have to maintain a higher CET1 by 0.40%

The Reserve Bank of India (RBI) on Wednesday said State Bank of India (SBI), HDFC Bank and ICICI Bank will continue to be identified as Domestic Systemically Important Banks (D-SIBs). The D-SIB designated banks have to maintain additional Common Equity Tier 1 (CET1) in addition to the capital conservation buffer.

The Reserve Bank of India (RBI) reaffirmed on Wednesday that State Bank of India, HDFC Bank, and ICICI Bank are India’s key “too-big-to-fail” banks.