Good news for Customers of SBI, ICICI, HDFC
Public sector banking giant State Bank of India, private sector banking giants ICICI Bank and HDFC Bank have been declared key by the RBI. These will continue to be key banks (D-SIBs) or institutions in the domestic banking system.
Even if these banks went bankrupt, they would get full support from the government to deal with it. The D-SIB Verification Framework was issued in July 2014 and has been accorded this status on the basis of business statistics.
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