GK & Current Affairs!
RBI has included HDFC Bank in the list of ‘too big to fail’ lenders, referred to as D-SIB or domestic systemically important bank announced on 4th of Sept. 2017.
i.India’s largest lender SBI and private sector major ICICI Bank was classified as D-SIBs in 2015.
ii.SIBs are subjected to higher levels of supervision so as to prevent disruption in financial services in the event of any failure.
iii.There are two types of SIBs: Global SIBs, identified by BASEL committee on banking supervision and Domestic SIBs; identified by RBI.
iv.According to RBI the additional Common Equity Tier 1 (CET1) requirement for D-SIBs has already been phased-in from April 1, 2016 and will become fully effective from April 1, 2019.
v.The RBI categorises SIBs under five buckets depending upon their Systemic Importance Scores (SISs).
vi.Accordingly, ICICI Bank and HDFC Bank are in the first bucket. The banks need an additional tier I capital of 0.1% of loans for the current financial year. From 1 April 2018, the requirement will be an additional 0.15%.
vii.SBI is in the third bucket. It requires additional tier I capital of 0.3% in 2017 and 0.45% for the next financial year.
About HDFC bank
HQ: Mumbai Maharashtra
MD: Aditya Puri
Tagline: We understand your world
IIT-Kharagpur to get supercomputing facility | 24-Mar-2017 14:46
The Indian Institute of Technology-Kharagpur is set to receive a supercomputing facility.The facility will have a capacity of 1 Peta Flop and help to usher in a new age of super-fast research and innovation.
Peta-Flop is a measurement of computing power based on the frequency of mathematical calculations that can be done per second. It is being offered to IIT-Kgp under the National Supercomputing Mission (NSM) scheme.
"The system is not a web server and can only be accessed by authorized persons. It will be used only for high-level research in different areas. The super computer has many central processing units (CPUs) and graphical processing units (GPUs) combined and hence it is much faster than the regular ones.