Sitharaman says NDA revived IDBI Bank after UPA-era bad loan crisis

In response to Rahul Gandhi's opposition to IDBI Bank's privatisation, Nirmala Sitharaman stressed the successful recovery of the bank thanks to the NDA government's strategies. She pointed to the previous UPA government's fiscal mismanagement, which caused notable losses. Sitharaman also discussed the reviewed valuation process for the stake sale, criticising Gandhi for his attempts to politicize banking matters and the undue stress placed on bank staff during earlier administrations.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/bGL1CMz
via IFTTT

Comments

Popular posts from this blog

India's Paytm Payments Bank granted status upgrade

Punjab and Sind Bank to sell KSK Mahanadi loans to ARCs

RBL Bank taps HDFC veteran Bhavin Lakhpatwala as CFO