PSU banks to launch new products in 3-4 mths to ramp up credit growth: Banking Secy

"Though the banking sector is robust, rising digital frauds are posing a risk to financial sector stability"

Financial Services Secretary M Nagaraju on Tuesday said public sector banks will unveil new products in the next few months to improve credit growth.

"We are actually committed to enhancing, and we want to push as much credit as possible because we have a huge number of young people," he said while addressing the Financial Inclusion and Fintech Summit organised by CII here.