SBI, ICICI, HDFC systemically important banks

STATE Bank of India, HDFC Bank and ICICI Bank continue to be identified as systemically important domestic banks in the 2024 list of this category prepared by the Reserve Bank of India.

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RBI raised incremental additional common equity tier 1 requirement as a percentage of risk weighted assets for these banks. For SBI it goes up 0.2-0.8% from 0.6%, for HDFC Bank it doubles to 0.40%.

They were in the same bucketing structure as in the 2023 list as well. The central bank also increased the incremental additional common equity tier 1 requirement as a percentage of risk weighted assets (RWAs) for these banks.