DFS Secretary M Nagaraju second from left. (Photo source: PIB) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Public sector banks have emerged stronger and more resilient, with credit growth outperforming their private peers in the recent past, Financial Services Secretary M Nagaraju has said.

This reflects the growing robustness of the banking community, with significant improvements in due diligence, credit underwriting standards, and monitoring mechanisms for project loans, he said while inaugurating Punjab & Sind Bank's MSME Sports Cluster Branch at Football Chowk, Jalandhar.

"Today, customers are returning to public sector banks because of their renewed focus on efficiency, transparency, and trust," he pointed out.

Nagaraju also urged all banks to continue extendi

See Full Page