PSBs were UPA's ATM for cronies: FM Sitharaman hits out at Rahul Gandhi

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PSBs were UPA's ATM for cronies: FM Sitharaman hits out at Rahul Gandhi - Business Standard

Quick Summary:

Gandhi has a penchant for making baseless statements and the fact is that high concentration of corporate credit and indiscriminate lending during UPA tenure had resulted in significant deterioration in the health of public sector banks, she said in a series of posts on X.

Finance Minister Nirmala on Wednesday termed the allegation of Leader of Opposition (LoP) Rahul Gandhi against state-owned banks as an insult to the hardworking employees and to the citizens who benefit from a cleaner, stronger banking system.

Banking sector, especially Public Sector Banks (PSBs), have seen a remarkable turnaround under the leadership of Prime Minister Narendra Modi, she said.