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SBI, ICICI Bank continue to be D-SIBs

SBI mergerThe Reserve Bank of India said State Bank of India and ICICI Bank continue to be Domestic Systemically Important Banks (D-SIBs) in 2016. RBI had developed a framework for D-SIBs in July, 2014 specifying that banks in the country have to be placed in four buckets depending upon their systemic importance score and based on the bucket in which a D-SIB is placed, additional common equity requirement has to be applied to it. In case of SBI, the additional common equity works out to be 0.6% of risk weighted assets and for ICICI, the equity is 0.2%, which the banks have already provided for.  SBI and ICICI Bank were the only two banks that qualified to be called D-SIBs in both the years based on the financials and data collected from these lenders.

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