IDBI Bank Divestment: FM Sitharaman Accuses Congress of Misusing Banks, Defends Sale - Rediff.com Business
Finance Minister Nirmala Sitharaman has strongly criticised the Congress party and the previous UPA government amidst the row over IDBI Bank's divestment, alleging they used banks and financial institutions as 'personal entities' and pressured employees to extend loans bypassing prudent norms. She defended the current government's decision to sell a stake in IDBI Bank to Fairfax, stating it was revived through professionalism and recapitalisation.