Safest Bank In India: Do you know which is the safest bank in India? Here your money will not sink at all – see list of safest bank of india as per rbi

Safest Bank of India: People deposit their hard earned money in the bank. They do this because this money will be useful in the dark times. But sometimes it happens that the bank itself sinks. Then there is nothing left in the hands of the person hoarding the money except banging his head. So it is advisable to check whether the bank in front is safe before handing over your money to someone. The Reserve Bank had released a list named Domestic Systemically Important Banks (D-SIBs) 2022 earlier this year. In this, the names of the most secure banks of the country have been included.

Is the condition of Indian banks like Silicon Valley Bank?

A list was issued by the Reserve Bank of India on January 2 this year. On that day RBI issued a list and told that in which bank your money is safe and in which bank your money is not safe. You know that if even one big bank in a country fails, then its loss falls on the entire Indian economy. What the customers have to suffer is different.

Which banks are in this list

The names of one government and 2 private banks are included in the list of safest banks released by the Reserve Bank of India. In this, the name of the government sector is State Bank of India. Apart from this, two private sector banks are included in this list. These include the names of HDFC Bank and ICICI Bank. Meaning that even if your account is not in SBI but in HDFC Bank or ICICI Bank, you will not face any problem.

Which banks can come in this list

Only those banks fall in this list, which are required to maintain additional Common Equity Tier 1 (CET1) in addition to the usual capital conservation buffer. According to RBI, SBI has to maintain its risk-weighted Assets as a percentage of risk-weighted assets will have to maintain an additional 0.6 percent CET1. Similarly, ICICI Bank and HDFC Bank need to maintain an additional 0.2 percent.

RBI keeps a close watch on these banks

RBI keeps a close watch on the banks which come in this list of Reserve Bank. The Reserve Bank not only keeps an eye on the day-to-day functioning of these banks, it also keeps a strict vigil on any big loan or account. Not only this, if bank lending talks on any big project, then it is also evaluated. It is to be seen whether this will have any negative impact on the entire business of the bank.

Since when is this list being issued

The Reserve Bank has been releasing the list of such banks since 2015. The Reserve Bank believes that such banks are necessary for the country’s economy. These banks are also given ratings by RBI. The list of these essential banks is prepared only after this rating. However, so far only the names of 3 banks have been included in this list.