ICICI & SBI get Domestic- Systemically Important Banks (D-SIBs) status

Q.  Which two banks recently received status as Domestic- Systemically Important Banks/D-SIBs?
- Published on 09 Sep 15

a. ICICI and SBI
b. HDFC and ICICI
c. Punjab National Bank and SBI
d. Kotak Mahindra Bank and HDFC

ANSWER: ICICI and SBI
 
RBI has conferred the status of Domestic Systemically Important Banks on ICICI and SBI. These banks are now identified as too big to fail. D-SIBs have acquired importance in the face of recurrent financial meltdowns and market volatility. Additional capital requirement of certain level is required to be a D-SIB

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