Cong accuses govt of weakening banking architecture

The Congress on Wednesday attacked the government over the issue of bad loans, accusing it of weakening the entire banking architecture fiscally and imprudently in the name of cleaning the system.

The party was responding to Finance Minister Nirmala Sitharaman's tweet on Tuesday night in which she accused the Congress and its leaders of "misleading" people on loan write-offs.

"Nirmala Sitharaman ji, Cleaning the Banks of people's money by righting off loans of absconders and fraudsters is not called 'cleaning the system', Congress chief spokesperson Randeep Surjewala said in a tweet.

"It's called weakening the entire Bank architecture fiscally and imprudently, if not maliciously," he said
"Why is Modi Govt righting off Bank Loans of absconders & fraudsters like Nirav Modi+Mehul Choksi(Rs 8,048 CR), Jatin Mehta(Rs 6,038 CR), Mallya(Rs 1,943 CR) & others as per RBI's RTI reply of 24/4/2020?
Sitharaman had also said "Congress and Shri.Rahul Gandhi should introspect why they fail to play a constructive role in cleaning up the system. Neither while in power, nor while in the opposition has the Congress shown any commitment or inclination to stop corruption and cronyism."