RBI designates two banks ‘systemically important’
State Bank of India and ICICI Bank face additional capital requirements
The Reserve Bank of India designated the State Bank of India and ICICI Bank as ‘domestic systemically important banks' on August 31, imposing additional capital requirements on them both.
The decision was based on data collected March 31, and will see both banks forced to hold an additional amount of common equity Tier 1 (CET 1) capital over and above the capital conservation buffer.
ICICI Bank, a private bank, will need to hold additional CET 1 capital equivalent to 0.2% of its risk-weighted
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