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RBI declares SBI, HDFC Bank, and ICICI Bank as India’s safest banks for 2024, highlighting their critical role as Domestic Systemically Important Banks (D-SIBs). The Reserve Bank of India (RBI) has identified State Bank of India (SBI), HDFC Bank, and ICICI Bank as the country’s most systemically important financial institutions, designating them as Domestic Systemically Important Banks (D-SIBs). In the post, I wrote that most Indian banks are safe most of the time as RBI does its job fairly well and hence, problems if any are more or less very rare. But that doesn’t mean that you can put all banks in the same risk bucket. It is important to remain cautious before investing large amounts in banks, given the huge problems over NPAs. Here are a list of few safe and best banks that one can consider in India.
