BANKING SECTOR
India's central bank on Wednesday said the State Bank of India (SBI.NS), opens new tab, HDFC Bank (HDBK.NS), opens new tab and ICICI Bank (ICBK.NS), opens new tab remain the three domestic systemically important banks (D-SIBs) and that the first two would need to maintain an additional capital buffer starting April 2025. Systemically important banks are financial institutions whose failure or distress could trigger a broader financial crisis and threaten the stability of the entire financial system. These institutions are also perceived as being "too big to fail". Rank Bank Name Market Capitalization (₹ Crores) 1 HDFC Bank 11,29,000 2 ICICI Bank 6,54,000 3 State Bank of India (SBI) 5,18,000 4 Kotak Mahindra Bank 4,46,000 5 Axis Bank 3,54,000 6 IndusInd Bank 1,80,000 7 Yes Bank 1,20,000 8 Bank of Baroda 1,00,000 9 Punjab National Bank 90,000 10 Canara Bank 80,000 NPA As of December 31, 2024, State Bank of India's (SBI) gross non-performing asset (NPA) ratio stood at 2...