Since August 2015, RBI has to provide information about the names of banks important to the financial system every year in this month. The central bank said, ICICI Bank remains in the same category based structure as last year.
There are three such banks in the country, including State Bank of India (SBI), in which your money is the safest. These three are such banks which cannot sink. Reserve Bank of India (RBI) says that apart from SBI, HDFC Bank and ICICI Bank remain important banks in terms of domestic financial system. At the level of the financial system in the country, these banks are so big that they cannot sink.
Since August 2015, RBI has to provide information about the names of banks important to the financial system every year in this month. The central bank said, ICICI Bank remains in the same category based structure as last year. At the same time, SBI and HDFC Bank have moved to higher category. According to the rules, such institutions can be placed in four categories depending on their importance at the system level.
Changes in the category of banks
SBI moved from category three to category four and HDFC Bank moved from category one to category two. The surcharge for SBI for domestically important banks (D-SIBs) will be 0.8 per cent from April 1, 2025. Whereas for HDFC Bank it will be 0.4 percent.
