3 safest banks in India – RBI's list of trusted banks announced.

The Reserve Bank of India has announced SBI, HDFC Bank and ICICI Bank as the safest banks in the country. These banks are called Domestic Systemically Important Banks (D-SIBs). Since they are the mainstay of the economy, these banks will not fail under any circumstances, the RBI explains. Government banks are considered safe, but there are also two private banks in this list. Customers do not face any risk if they deposit money in these three banks, because the government and RBI intervene directly if necessary. These banks are required to maintain a higher reserve capital (CET-1) than general banks. Since this is an emergency fund, the operations of banks and customers' money remain safe even in any financial crisis.