14-Mar-2019:  ICICI Bank and HDFC Bank will continue to be D-SIBs

Debt-ridden IDBI Bank has been categorised as a ‘Private Sector Bank’ for regulatory purposes by Reserve Bank of India with effect from January 21, 2019 consequent upon LIC acquiring 51 per cent of the total paid-up equity share capital of the bank.

In another release, the RBI said the State Bank of India, ICICI Bank and HDFC Bank will continue to be identified as Domestic Systemically Important Banks (D-SIBs). D-SIB means that a bank is 'too big to fail'.

The Reserve Bank had issued the framework for dealing with D-SIBs on July 22, 2014. The framework requires the central bank to disclose the names of banks designated as D-SIBs starting from 2015 and place these banks in appropriate buckets depending upon their Systemic Importance Scores (SISs).