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RBI gives HDFC Bank "too big to fail" status along with SBI and ICICI

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Reuters MUMBAI
Last Updated : Sep 04 2017 | 8:07 PM IST

MUMBAI (Reuters) - 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 on Monday.

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. https://bsmedia.business-standard.combit.ly/2eVkfgr

(Reporting by Devidutta Tripathy; Editing by Keith Weir)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Sep 04 2017 | 7:55 PM IST

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