State Bank of India (SBI) expects lending of ₹70,000-80,000 crore under ECLGS 5.0

Exam-focused facts from the 8 May 2026 current affairs briefing.

Key facts

State Bank of India (SBI) expects eligible customer utilisation under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to be in the range of ₹70,000-80,000 crore.
The Reserve Bank of India (RBI) will facilitate an underwriting auction for government securities worth ₹34,000 crore on 8th May.
Kotak Mahindra Bank received approval from the RBI to acquire up to 9.99% stake in AU Small Finance Bank (AU SFB).
Axis Bank raised $500 million in an offshore loan from MUFG.
Union Bank shed approximately ₹75,000 crore in bulk deposits in FY26, including ₹30,000 crore in Q4.