Domestic systemically important bank Flashcards
1
Q
WHat are Domestic systemically important bank(D-SIB)
A
They are the banks that have the status of Too Big To Fail by RBI
2
Q
What is the min qualification for that
A
1 2% of country GDP should be their assets
2 Large Size
3 Interconnection and lack of substitution
3
Q
What is the responsiblity of bank with that status
A
It has to maintain additional Tier 1 capital
4
Q
Why in news
A
IDBI has also got this status now,
So now total 4 banks have the status, 1 SBI 2 ICICI 3 HDFC 4 IDBI
