Which banking entity was declared a domestic-systemically important bank (D-SIB) by the Reserve Bank of India on September 4, 2017?
HDFC Bank
D-SIB Classification by Reserve Bank of India
The Reserve Bank of India (RBI) identifies Domestic-Systemically Important Banks (D-SIBs) as banks whose failure would have a significant impact on the country's financial system and economic activity. These banks are subject to additional supervisory scrutiny.
RBI's 2017 D-SIB Announcement
On September 4, 2017, the RBI announced its first list of D-SIBs. This list included banks that were considered systemically important based on their size, interconnectedness, and the substitutability of their services.
Identifying the Declared Bank
The question asks to identify the specific bank declared a D-SIB by the RBI on September 4, 2017. Based on the RBI's announcement on that date:
- State Bank of India was declared a D-SIB.
- ICICI Bank was declared a D-SIB.
- HDFC Bank was declared a D-SIB.
The provided options list these banks. Among the options given, HDFC Bank was part of this initial declaration.
Therefore, HDFC Bank was the banking entity declared a D-SIB by the Reserve Bank of India on September 4, 2017.
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