New Delhi. The Reserve Bank has made such a rule under which the safest bank in the country has to keep the highest reserve. But do you know which bank has to keep the highest cash reserve and why has the RBI made such a rule? Not only this, the Reserve Bank also releases a proper list of such banks every year. This year too, the RBI has released the list of such banks that have to keep the highest cash reserve.

RBI releases the list of Domestic Systemically Important Banks (D-SIBs) every year. This time RBI has included the State Bank of India, HDFC Bank, and ICICI Bank. The central bank released the list of D-SIBs on Wednesday, which includes one government bank and two private banks.

What is the responsibility of these banks?
To be included in this list, lenders are required to maintain a higher 'Common Equity Tier 1' (CET 1) in addition to the capital conservation reserves as per the 'bucket' under which it is classified. According to the list, the State Bank of India (SBI) still remains in 'Bucket 4', for which the country's largest lender has to maintain an additional CET 1 of 0.80 percent. That is, it is considered the safest bank in the country.

In which category are the rest of the banks?
HDFC Bank, the largest private sector lender, has been placed in 'Bucket 2', under which it will have to maintain 0.40 percent higher CET1. The central bank said that the higher D-SIB surcharge for SBI and HDFC Bank will be applicable from April 1, 2025. So, by March 31, 2025, the D-SIB surcharge applicable to SBI and HDFC Bank will be 0.60 percent and 0.20 percent respectively.

Which banks are in Bucket 1
ICICI Bank has been classified in 'Bucket 1', under which the second-largest private sector lender will have to maintain an additional 0.20 percent in CET-1 reserves. The RBI said the classification is based on data collected from banks till March 31, 2024. The central bank had first announced the framework to deal with D-SIBs in 2014. SBI and ICICI Bank were included in the list in 2015 and 2016, but HDFC Bank was added to the list along with the other two banks in 2017.