‘Rahul should introspect’: Nirmala Sitharaman hits back at Congress over wilful defaulters – Times of India

NEW DELHI: Union finance minister Nirmala Sitharaman on Tuesday hit out at the Congress occasion for failing “to play a constructive role in cleaning up the banking system.” In a collection of tweets, the finance minister blamed the opposition occasion for not displaying “any commitment or inclination to stop corruption and cronyism” within the nation.

Sitharaman additionally shared the “bank-wise details of aggregate funded amount outstanding (and) amount technically/prudentially written off, pertaining to top fifty wilful defaulters.” The minister was responding to the feedback made by the opposition leaders over the financial institution mortgage defaults.

She even quoted former Reserve Bank of India (RBI) governor Raghuram Rajan to say that the large pile of unhealthy loans had been originated between 2006 and 2008 (when the UPA authorities was in energy).
She wrote: “Useful to recall the words of Shri.Raghuram Rajan: “A large number of bad loans originated in the period 2006-2008 … Too many loans were made to well-connected promoters who have a history of defaulting on their loans … Public sector bankers continued financing promoters even … ”

Earlier within the day, the Congress cited an RTI reply from the RBI and alleged that the Centre has waived Rs 68,607 crore of the highest 50 financial institution mortgage defaulters, together with Nirav Modi, Mehul Choksi and Vijay Mallya.
It additionally alleged that the federal government waived loans value Rs 6.66 lakh crore since 2014 until September 2019.
Congress chief Rahul Gandhi tweeted: “Now the RBI has given the names of Nirav Modi, Mehul Choksi and many of BJP’s ‘friends’ in the list of bank frauds. That is why this truth was held back from Parliament.”

Congress chief spokesperson Randeep Surjewala additionally launched the checklist of the highest mortgage defaulters within the nation, as per the RTI reply, and demanded solutions from the Prime Minister on why their loans had been waived.
(With PTI inputs)

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