September 08, 2024 06:15 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Ex-RG Kar principal Sandip Ghosh's aide Prasoon Chatterjee, who was seen at crime scene, detained by ED in money laundering case | Former Delhi minister and AAP MLA Rajendra Gautam joins Congress | Kangana Ranaut announces her film Emergency postponed, says 'still waiting for CBFC certification' | ED raids ex-RG Kar principal Sandip Ghosh and others' residences in money laundering case | Supreme Court likely to hear RG rape-murder case on Sept 9
‘Seeds’ of the NPA crisis sown during UPA regime, IBC addressed the issue effectively: Sitharaman

‘Seeds’ of the NPA crisis sown during UPA regime, IBC addressed the issue effectively: Sitharaman

New Delhi: The ‘seeds’ of the NPA crisis were sown during the Congress-led UPA era through ‘phone banking’, when loans were given to undeserving businesses under pressure from UPA leaders and party functionaries. Banks were forced to neglect proper due diligence and risk assessment before sanctioning these loans, Finance Minister Nirmala Sitharaman said on X.