More banks likely to join RBI's list of 'systemically important banks'

Move result of change in pecking order post-mergers

The Reserve Bank of India’s (RBI’s) list of “systemically important banks” may widen, given the changes in the pecking order after the merger of state-run players. As on date, only State Bank of India (SBI), ICICI Bank, and HDFC Bank figure in the central bank’s classification of domestic systemically important banks (D-SIBs).

“The pecking order (of banks) by asset size has changed after the Centre went in for the merger of four sets of state-run banks. So, the D-SIBs list could be reworked,” said a source. 

The matter has figured in internal meetings of the central bank’s supervisory department, but a formal