Facts for Prelims (FFP)
Source: Economic Times
Context: The Reserve Bank of India (RBI) has released its list of domestic systemically important banks (D-SIBs) for 2023, including the State Bank of India (SBI), HDFC Bank, and ICICI Bank.
- While ICICI Bank maintains its previous categorization, SBI and HDFC Bank have moved to higher buckets.
- The D-SIB framework aims to enhance the resilience of the financial system by assigning additional common equity requirements based on the systemic importance of banks.
