Sitharaman says NDA revived IDBI Bank after UPA-era bad loan crisis - Business News, Finance News, Share Market News - Market trendz

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Saturday, 31 October 2026

Sitharaman says NDA revived IDBI Bank after UPA-era bad loan crisis


In response to Rahul Gandhi's opposition to IDBI Bank's privatisation, Nirmala Sitharaman stressed the successful recovery of the bank thanks to the NDA government's strategies. She pointed to the previous UPA government's fiscal mismanagement, which caused notable losses. Sitharaman also discussed the reviewed valuation process for the stake sale, criticising Gandhi for his attempts to politicize banking matters and the undue stress placed on bank staff during earlier administrations.

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