Question

The Reserve Bank of India (RBI) has declared which of the following banks as Domestic systemically Important Banks (D-SIBs)?

1. Axis Bank

2. HDFC

3. ICICI

4. State Bank of India

1. 1 and 2 only
2. 2 and 3 only
3. 2, 3 and 4 only
4. 1, 2, 3 and 4

Answer 1

Correct Answer - Option 3 : 2, 3 and 4 only

The correct answer is 2, 3 and 4 only.

• Systematically Important Banks
  • Banks which are systematically important because of their size, lack of substitutability and interconnectedness.
  • They are considered as "Too Big to Fail".
  • Their failure can cause disruption to essential services
• RBI declared the following as D-SIBs
  • SBI
  • ICICI
  • HDFC

• Reserve Bank of India
  • It is the central bank of India
  • Its governor is Shaktikanta Das.
  • It controls the monetary policy of India.
  • Recommended by Hilton Young commission.
  • RBI was nationalised in 1949.
  • It is a member of the IMF.