The Reserve Bank of India declared SBI and ICICI Bank as Domestic Systemically Important Banks (D-SIBs),

The Reserve Bank of India (RBI) on Monday declared State Bank of India and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). The RBI had issued the framework for dealing with Domestic Systemically Important Banks (D-SIBs) on July 22, 2014.

The D-SIB framework requires the RBI to disclose the names of banks designated as D-SIBs every year in August starting from August 2015,  in case a foreign bank having branch presence in India is a Global Systemically Important Bank (G-SIB), it has to maintain additional CET1 capital surcharge in India as applicable to it as a G-SIB, proportionate to its risk weighted assets (RWAs) in India.