Key Developments | Stronger Banks, A More Resilient Tomorrow

SBIN Public sector banks seek higher foreign investment limits: PSBs have reportedly urged the government to raise the foreign investment cap from 20% to 49%, estimating potential inflows of up to ₹30,000 crore. SBI alone could attract around ₹20,000 crore due to a higher weight in global indices. IFC provides $150 million social loan to SBI: The International Finance Corporation has extended a $150 million credit line to SBI to support agricultural financing for approximately 864,000 rural women. This is IFC's first investment in an Indian state-owned bank. RBI approves interim CEO for Equitas Small Finance Bank: Balaji Nuthalapadi has been appointed interim CEO for a three-month term beginning November 6, following the departure of the previous CEO. Barclays boosts India operations: Barclays Bank Plc has infused more than ₹1,500 crore into its Indian business to expand its investment banking and private banking operations. Banks collaborate on AI cybersecurity strategy: Led by SBI and the Indian Banks' Association, lenders are working on a coordinated approach to address cybersecurity threats emerging from increased use of AI and digital banking. RBI strengthens cyber resilience norms: The central bank has issued new cyber resilience and digital payment security guidelines for non-bank payment system operators, aiming to improve security across the financial ecosystem. Microfinance market shifts: Banks' share of the microfinance loan portfolio has declined significantly as lenders pull back from the segment, with specialized microfinance institutions gaining ground.