These 3 banks are safe in India.!? RBI published report..!!

In every country, its banks and financial institutions often focus on economic development. In that way, there are many banks and non-banking financial institutions in the country. In this, there will be growth in the operations of the banks as their reliability increases. Similarly, the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india has published a list of which banks are safe among them, monitoring how the customers are treated in the banks. Among them, sbi, hdfc bank, and icici bank have been announced as Domestic Systemically Important Banks by the Reserve bank of India. These banks recognized as Domestic Systemically Important Banks in the financial year 2023, have again been placed at the forefront of the country's financial sector due to their importance to the domestic economy.
The D-SIBS list is the most important domestic system and is considered to be one of the safest banks in the country. These banks are very important to this system. Their collapse would devastate the entire economy. That is why the government of the country will do whatever it takes to save these major banks if anything happens to them. According to this economy-based assessment, the bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>state bank of india, India's largest public sector bank, and private sector banks hdfc and icici bank have been ranked as safe banks in 2024. All three banks have been granted the status of Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank.

The RBI first prepared the list of significant banks for the domestic system in 2014. In that respect, bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>state bank of india in 2015 and icici bank in 2016 followed by hdfc bank in 2017. bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india has published the list of D-SIBS banks as per the list till march 31, 2024. Among them, banks declared critical to the domestic system are also required to maintain additional funds known as Common Equity Tier 1 (CET1) capital. In this, this capital is necessary to avoid loss or risk. The amount of this additional capital varies from bank to bank in the Reserve Bank's list.

RBI places the bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>state bank of india in Bucket-4 based on Common Equity Tier 1. Under this 0.80 percent additional CET1 has to be maintained in the future. Similarly, hdfc bank is also placed in bucket 2 under which it has to maintain an additional CET1 of 0.40 per cent in the coming period and icici bank is placed in bucket 1. Under this, an additional CET1 of 0.20 percent has to be maintained. Based on this, the RBI said that these three banks should increase their capital. These new rules are said to come into effect from 1 april 2025.
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Sowmiya Sriram

17/11/2024 02:44 PM