India's safest banks: The safest and most

The safest and most reputable banks in the nation have been recognized by the Reserve Bank of India (RBI). There are two commercial banks and one state bank on the list of Domestic Systemically ... 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). 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. Amid growing concerns among depositors over the safety of their savings in banks, the Reserve Bank of India (RBI) has released a list of the safest banks in the country.