The Reserve Bank of India has released its 2025 list of Domestic Systemically Important Banks (D-SIBs), with State Bank of India, HDFC Bank, and ICICI Bank retaining their positions under the same bucketing structure as last year. These banks will continue to maintain additional Common Equity Tier 1 (CET1) capital requirements over and above the Capital Conservation Buffer.

The 2025 D-SIB classification is as follows:

Bucket 4: State Bank of India – 0.80% additional CET1

Bucket 2: HDFC Bank – 0.40% additional CET1

Bucket 1: ICICI Bank – 0.20% additional CET1

(Buckets 5 and 3 have no banks assigned; Bucket 5 carries a 1% surcharge and Bucket 3 a 0.60% surcharge.)

RBI’s D-SIB framework, first issued in July 2014 and updated in December 2023, mandates annual disclosure of banks designated as systemically important and assigns them to buckets based on their Systemic Importance Scores. Higher buckets attract higher capital surcharges. Foreign banks operating in India that are classified as Global Systemically Important Banks (G-SIBs) must also maintain proportionate additional CET1 capital locally.

SBI and ICICI Bank were first named D-SIBs in 2015 and 2016, respectively, while HDFC Bank joined the list in 2017. The latest update is based on data submitted by banks as of March 31, 2025.