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Wilful defaulters benefited from 'phone banking' under UPA regime: FM

Congress has attempted to mislead people, and Rahul Gandhi should introspect why his party fails to play a constructive role in cleaning up the system, says Nirmala Sitharaman

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FM Nirmala Sitharaman also referred to media reports quoting former RBI Governor Raghuram Rajan as having said that a large number of bad loans originated in the period 2006-2008. | Photo: @ANI

BS Web Team

4 min read Last Updated : Apr 29 2020 | 11:55 AM IST

Hitting out at the Congress party, Finance Minister Nirmala Sitharaman said that wilful defaulters were beneficiaries of 'phone banking' under the UPA regime and the Modi government was chasing them to recover the dues.

She was responding to the opposition's allegations of loan waivers worth Rs 68,607 crore in the form of write-offs of top 50 wilful defaulters during the first half of the financial year ended March 2020.

The Finance Minister, through a series of tweets on Tuesday, said that the Congress has attempted to mislead people, and former Congress President Rahul Gandhi should introspect why his party fails

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