SBI Chairman C S Setty emphasized that government initiatives to formalize MSME and agriculture sectors through digitalization have enabled banks to lend more effectively. Speaking at the Indian Banks' Association AGM, Setty noted that digital transformations allow for innovative lending models, expanding credit access to previously underserved areas. Financial Services Secretary M Nagaraju highlighted banks' strong performance over the past three years and urged institutions to focus on capacity building, capital raising, and resource allocation efficiency.