RBI gives HDFC Bank "too big to fail" status

RBI has added HDFC Bank to a list of "domestic systemically important banks" (D-SIBs), or the equivalent of "too big to fail", according to a statement on Monday. With HDFC Bank's inclusion, there are now 3 banks that are described as too big to fail, including state-run SBI and private lender ICICI Bank. The D-SIB categorisation imposes additional capital requirements on the banks classified as such.