SBI, ICICI - Too Big to fail!
Q. RBI has retained too big to fail status for which banks in India?- Published on 26 Aug 16
d. Only a and c
ANSWER: Only a and c
RBI has retained too big to fail status for SBI and ICICI Bank.
- The nation’s top two lenders by asset were assigned the status of domestic systemically important banks or the equivalent as “too big to fail” for the second consecutive year
- The two banks were assigned the status last year
- The central bank moved to this classification system for the first time in 2015.
- Being a systemically important bank imposed additional capital requirements for the two lenders
- SBI is India’s largest public sector bank and ICICI is its biggest private sector lender
- In compiling the list, RBI considers factors such as size, complexity, interconnectedness and international links among others
- Meanwhile, UNDP has agreed to assist Dharamshala as the Smart City for which it released funds of INR 50 lakh
- UNDP seeks to link Dharamshala with Japan and the US under the smart city project.
- It had earlier coordinated in capacity building programme and exerting manpower in urban local bodies of the state