Economics · Economy

With reference to the classification of banks under financial stability frameworks in India, consider the following statements: I. Domestic Systemically Important Banks (D-SIBs) are identified based on criteria evolved from global standards such as those developed by the Basel Committee. II. The classification of D-SIBs is based solely on the size of the bank's balance sheet. III. Foreign banks operating in India are eligible to be designated as D-SIBs based on their systemic importance in the domestic market. Which of the statements given above is/are correct?