Nairobi, Sept. 13 -- Top banks, including Equity Group, KCB Group, NCBA Group, Co-operative Bank and I&M Bank, face a shakeup in their expansion plans as the Central Bank of Kenya (CBK) moves to shield the lenders deemed 'too big to fall'.

The CBK said in freshly published proposals that it will tighten its oversight of financial institutions whose collapse or distress could cause significant shockwaves across the wider economy.

"Domestic systemically important financial institutions may be restricted from expanding their operations or introducing new products whose effect may enhance systemic risk of the bank.

The supervisory measures to be deployed on a domestic systemically important financial institution depend on the supervisor's ...