💨 Abstract

India's central bank, the Reserve Bank of India, has announced that three banks - State Bank of India, HDFC Bank, and ICICI Bank - are systemically important banks (D-SIBs) and will need to maintain a higher capital buffer starting April 2025 to prevent a broader financial crisis. The first two banks will have their capital requirements increased, with SBI's increasing by 20 basis points to 0.80%,

Courtesy: theprint.in

Summarized by Einstein Beta 🤖