RBI to start announcing too-big-to-fail banks in Aug 2015
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)
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
Trending On Reuters
U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies. Full Article | Slideshow