Union Finance Minister Nirmala Sitharaman (Image Source: X/Finance Ministry)
\n\nFinance Minister Nirmala Sitharaman on Friday rejected Leader of Opposition Rahul Gandhi’s charge over the sale of IDBI Bank, saying, “All due process has been followed in the IDBI Bank strategic restructuring, and we have already clarified this yesterday.” Gandhi had earlier on Friday criticised the Centre’s decision to sell IDBI Bank and expressed solidarity with the bank’s employees.
\n\nResponding to Rahul Gandhi’s charges, the Finance Minister said, “We all know how @INCIndia has used Banks and financial institutions as personal entities and pressured bank employees to extend loans at their whim, bypassing prudent lending norms.”
\n\nShe listed several instances. “In 1957, Haridas Mundra got money from LIC due to influence by the Congress leaders,” she wrote, adding, “In 1976, Indira Gandhi’s government removed SBI Chairman R.K. Talwar after he refused political pressure to relax lending conditions for a company linked to Sanjay Gandhi’s circle.” She also named Sanjay Gandhi and the Central Bank of India over Maruti loans, former Minister of State for Finance B. Janardhana Poojary, and UPA minister Pawan Kumar Bansal and Canara Bank.
\n\n“The IDBI Bank was handed over to us in poor shape, as IDBI itself…
Original source: https://www.timesnownews.com/business-economy
