July 22, 2014 / 12:42 PM / 3 years ago

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 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 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

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