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RBI adds HDFC Bank to ‘too big to fail’ lenders list

Tue, Sep 05 2017, 12:41 PM

The Reserve Bank of India yesterday placed HDFC Bank under the category of domestic systemically important banks (DSIBs). That makes it the third bank in this category, after SBI and ICICI Bank. Loosely put, these are banks seen as ‘too big to fail’, as their collapse can have a ripple effect on the economy, and are hence subject to more stringent capital requirements.