SBI & ICICI Bank declared as Domestic Systemically Important Banks (D-SIBs)

Q.  Which of the following banks were declared as Domestic Systemically Important Banks (D-SIBs) by the RBI on 31st Aiug’15?
- Published on 08 Sep 15

a. SBI & ICICI Bank
b. ICICI Bank & PNB
c. HDFC Bank & SBI
d. PNB & HDFC

ANSWER: SBI & ICICI Bank
 
The D-SIB framework requires RBI to disclose the names of banks designated as D-SIBs every year in August starting from August 2015. Now it is to be interpreted as that these banks are so integral to the economy that their failure would have to be prevented at any cost.

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