SBI, ICICI - Too Big to fail!

Q.  RBI has retained too big to fail status for which banks in India?
- Published on 26 Aug 16

a. SBI
b. HDFC
c. ICICI
d. Only a and c

ANSWER: Only a and c
 
RBI has retained too big to fail status for SBI and ICICI Bank.
  • The nation’s top two lenders by asset were assigned the status of domestic systemically important banks or the equivalent as “too big to fail” for the second consecutive year
  • The two banks were assigned the status last year
  • The central bank moved to this classification system for the first time in 2015.
  • Being a systemically important bank imposed additional capital requirements for the two lenders
  • SBI is India’s largest public sector bank and ICICI is its biggest private sector lender
  • In compiling the list, RBI considers factors such as size, complexity, interconnectedness and international links among others
  • Meanwhile, UNDP has agreed to assist Dharamshala as the Smart City for which it released funds of INR 50 lakh
  • UNDP seeks to link Dharamshala with Japan and the US under the smart city project.
  • It had earlier coordinated in capacity building programme and exerting manpower in urban local bodies of the state

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