Modi ended UPA-era phone banking; Rahul's comment baseless: FM

REJECTING leader of opposition Rahul Gandhi's criticism on the condition of Indian public sector banks, finance minister Nirmala Sitharaman on Wednesday said public sector banks under the Narendra Modi-led government have only prospered, and are in much better conditions than in the UPA-era.

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The finance minister, in her inimitable acerbic response to the leader of opposition, has said that under the Congress government, PSU banks were treated as 'ATMs' for their cronies and shady businessmen.

"It was actually during the UPA regime when bank employees were harassed and forced to give loans to cronies through "phone banking" by the then Congress-led UPA Govt functionaries," she said in her response posted on social media platform X.