As IFC makes its first-ever investment in an Indian public sector bank, its partnership with State Bank of India reflects a shift in financial inclusion and local-currency funding in India. In an interview with businessline, Roshika Singh, Principal Country Officer, International Finance Corporation (IFC), explains why SBI was chosen as the institution’s first PSU banking partner, how the $150 million social loan will support rural women, and why local-currency financing is becoming increasingly important f ...