Fairfax and Capital Group-backed non-banking finance company IIFL Finance appointed former State Bank of India boss Arun Purwar as chairman of its board.
The D-SIBs banks are classified into 5 buckets. Bucket 1, Bucket 2, Bucket 3, Bucket 4 and Bucket 5. With Bucket 5 being the most important followed by rest in decreasing order.
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