'Drivers of India’s economic growth': PSU banks post stronger credit growth; DFS Secretary push for digital services

Public sector banks are outperforming private lenders, driven by better risk assessment and loan monitoring, according to Financial Services Secretary M Nagaraju. Customers are returning due to improved efficiency and transparency. Punjab & Sind Bank launched specialized branches, including one managed by women, to support MSMEs, startups, and agriculture, fostering inclusive economic growth and employment.

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