India's Reserve Bank has reaffirmed State Bank of India, HDFC Bank, and ICICI Bank as domestic systemically important banks. These institutions must maintain higher capital reserves to ensure financial stability. The designation, based on updated RBI frameworks, requires additional Common Equity Tier 1 capital proportional to their risk-weighted assets.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Q7t9Gxj
