Reserve Bank of India keeps 3 lenders on D-SIB list

India's central bank said Jan. 4 that the State Bank of India, HDFC Bank Ltd. and ICICI Bank Ltd. will continue to be identified as domestic systemically important banks, or D-SIBs.

The update is based on data collected from lenders as of March 31, 2021.

The Reserve Bank of India's D-SIB framework is divided into five bucket structures, each with a corresponding additional common equity Tier 1, or CET1, requirement, which became fully effective April 1, 2019.

Under the framework, State Bank of India stayed in bucket 3 of the D-SIBs list, and is required to have an additional CET1 requirement of 0.60% of risk-weighted assets. Meanwhile, ICICI Bank and HDFC Bank remained in bucket 1, with an additional CET1 requirement of 0.20%.