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SBI and ICICI Bank classified as Domestic Systemically Important Banks
Published on August 31, 2015
Views of Parag Jariwala, VP – Institutional Research, Banking and Financial services, Religare Capital Markets Ltd., on the SBI and ICICI Bank
SBI and ICICI Bank classified as Domestic Systemically Important Banks
The RBI has classified SBI and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). Consecutively, the additional Common Equity Tier 1 (CET1) requirement as a percentage of Risk Weighted Assets (RWAs) will be 0.6% for SBI and 0.2% for ICICI Bank.
The additional capital requirement will be applicable from April 1, 2016 in a phased manner and would become fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital conservation buffer.
Moreover, 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 RWAs in India.
Source : Sachin Murdeshwar
