NEW DELHI: Union finance minister Nirmala Sitharaman on Tuesday hit out at the Congress party for failing “to play a constructive role in cleaning up the banking system.” In a series of tweets, the finance minister blamed the opposition party for not showing “any commitment or inclination to stop corruption and cronyism” in the country.
@INCIndia and Shri.@RahulGandhi should introspect why they fail to play a constructive role in cleaning up the syst… https://t.co/unEUNGfBk8
— Nirmala Sitharaman (@nsitharaman) 1588094919000
Sitharaman also 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 comments made by the opposition leaders over the bank loan defaults.
Bank-wise details of aggregate funded amount outstanding & amount technically/prudentially written off, pertaining… https://t.co/r0Dc1QhEiZ
— Nirmala Sitharaman (@nsitharaman) 1588094918000
She even quoted former Reserve Bank of India (RBI) governor Raghuram Rajan to mention that the huge pile of bad loans were originated between 2006 and 2008 (when the UPA government was in power).
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 … ”
Useful to recall the words of Shri.Raghuram Rajan: “A large number of bad loans originated in the period 2006-2008… https://t.co/pzZjBAD6NE
— Nirmala Sitharaman (@nsitharaman) 1588094914000
Earlier in the day, the Congress cited an RTI reply from the RBI and alleged that the Centre has waived Rs 68,607 crore of the top 50 bank loan defaulters, including Nirav Modi, Mehul Choksi and Vijay Mallya.
It also alleged that the government waived loans worth Rs 6.66 lakh crore since 2014 till September 2019.
Congress leader 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.”
संसद में मैंने एक सीधा सा प्रश्न पूछा था- मुझे देश के 50 सबसे बड़े बैंक चोरों के नाम बताइए। वित्तमंत्री ने जवाब… https://t.co/VWwZdEUHg5
— Rahul Gandhi (@RahulGandhi) 1588067403000
Congress chief spokesperson Randeep Surjewala also released the list of the top loan defaulters in the country, as per the RTI reply, and demanded answers from the Prime Minister on why their loans were waived.
(With PTI inputs)