RBI to start announcing too-big-to-fail banks in Aug 2015

MUMBAI Tue Jul 22, 2014 6:09pm IST

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai October 29, 2013. REUTERS/Danish Siddiqui/Files

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai October 29, 2013.

Credit: Reuters/Danish Siddiqui/Files

Related Topics

MUMBAI (Reuters) - The Reserve Bank of India (RBI) said it would start disclosing the names of banks deemed as domestic systematically important banks (D-SIB), the rough equivalent of too-big-to-fail in other countries, in August of each year starting in 2015.

The RBI said as per data it had compiled as of March 31, 2013, four to six domestic lenders would qualify under the D-SIB category.

The central bank added it would create four sub-categories of D-SIB lenders, each with different requirements for additional common equity tier 1 capital requirements that would range from 0.20 percent to 0.80 percent of risk weighted assets.

For full RBI release see (bit.ly/1yVoLxG)

(Reporting by Rafael Nam and Suvashree Dey Choudhury; Editing by Subhranshu Sahu)

FILED UNDER:

Reforms Push

REUTERS SHOWCASE

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

26/11 Plotter

26/11 Plotter

Pakistan to challenge bail for Mumbai attack "mastermind".  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage