India's banks prepare new credit products for small businesses and youth, aiming to enhance financial inclusion.

India's public sector banks plan to launch new credit products in the next 3-4 months to boost lending, especially to small businesses and youth, enhancing financial inclusion. Financial Services Secretary M Nagaraju highlighted the government's support for fintech growth, with over 13,000 startups and initiatives to ease business operations. However, the sector faces digital fraud challenges, emphasizing the need for financial literacy and cybersecurity.

November 26, 2024
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