SBI, ICICI, HDFC Bank continue to be systemically important banks

Lenders regarded as too big to fail; classification based on data they gave in March 2022

State Bank of India (SBI) and privately owned ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions that are too big to fail, said the Reserve Bank of India (RBI) on Monday.

It’s the structure followed in 2021: ICICI Bank and HDFC Bank fall under bucket 1 and SBI falls in bucket 3. The classification is based on data collected from the banks as on March 31, 2022.

Under bucket 1, banks require 0.2 per cent of additional common equity Tier 1 (CET1) capital as a percentage of risk weighted assets (RWAs). Banks under