Sitharaman Says NDA Revived IDBI Bank After UPA-Era Loan Stress
Finance Minister Nirmala Sitharaman has defended the government’s plan to privatise IDBI Bank, arguing that the lender was revived through the NDA’s corrective measures after suffering under a bad loan crisis during the UPA years. Her remarks came amid renewed criticism from Congress leader Rahul Gandhi, whom she accused of politicising banking reforms and ignoring the strain earlier administrations placed on bank employees. The exchange underscores how the IDBI stake sale has become both a policy issue and a political flashpoint.
