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.
Important Questions from Agreements and MoU
India launched supply chain resilience initiative in April 2021 with _______.
In how many countries, Union Cabinet approved the opening of Indian Missions in 2021?
Which of the following organizations has tied up with GIFT City to offer courses in insurance, reinsurance, risk management and technology?
India and _______ have signed a memorandum on cooperation and assistance in the Mumbai - Ahmedabad High Speed Rail Project.
Arab world's first universal museum opened in November 2017 was based on an intergovernmental agreement between _________.
