Which category of banks does the RBI classify SBI, HDFC Bank, and ICICI Bank as?
Domestically Significant Investment Banks (D-SIBs)
Domestic Systemically Important Banks (D-SIBs)
Domestically Secured Investment Banks (D-SIBs)
Domestically Stable Investment Banks (D-SIBs)
Correct Answer :
B. Domestic Systemically Important Banks (D-SIBs)
The Reserve Bank of India identifies the State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). This categorization indicates their crucial role in the stability of the Indian financial system.
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