-
Sep 01, 2015
-
RBI names SBI, ICICI two banks "too big to fail"
Reserve Bank of India (RBI) named State Bank of India and ICICI Bank on Monday as "systemically important", lining the lenders up for tougher supervision to avoid collapses that could rattle the financial system and economy.The designation, effectively declaring the banks "too big to fail", was only applied by the central bank to the two lenders: India's largest state-owned bank and its largest private sector bank.
Source -
http://in.reuters.com
|