RBI gives HDFC Bank “too big to fail” status along with SBI and ICICI
Mon Sep 04 2017
Rajesh Sharma (2003 articles)

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

MUMBAI (Reuters) – Reserve Bank of India (RBI) has added HDFC Bank (HDBK.NS) 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 (SBI.NS) and third-ranked ICICI Bank (ICBK.NS) 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.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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