Press Release
Published September 05, 2017 | View complete press releases list |
RBI gives HDFC Bank "too big to fail" status along with SBI and ICICI
Date: September 05, 2017
Categories: Risk and Regulation, Transaction Banking
Keywords: RBI, HDFC, SBI, ICICI
Reserve Bank of India (RBI) has added HDFC Bank to a list of "domestic systemically important banks", or the equivalent of "too big to fail", according to a statement.
HDFC Bank, the second-biggest Indian lender by assets, joins top lender State Bank of India and third-ranked ICICI Bank on the list.
Being named systemically important imposes additional capital requirements on the lenders.
The extra capital requirement for HDFC Bank will be applicable beginning April 1, 2018, RBI said.
Re-disseminated by The Asian Banker from Reuters / Yahoo Finance
