Finance Minister Nirmala Sitharaman Hits Back at Rahul Gandhi Over IDBI Bank Sale | News18

Union Finance Minister Nirmala Sitharaman has responded to Congress leader Rahul Gandhi's criticism of the government's plan to sell its stake in IDBI Bank. She said the bank was handed to the NDA government in poor financial shape, weighed down by bad loans and lending to large business groups. She also credited government reforms, professional management and a recapitalisation of more than ₹25,000 crore with the bank's recovery.

• Sitharaman rebuts Rahul Gandhi's objections to the IDBI Bank disinvestment
• Bad loans and lending to large business groups are cited as the bank's earlier problems
• Recapitalisation of more than ₹25,000 crore is credited with the recovery
• Reforms and professional management are presented as the basis of the turnaround

The political battle over the proposed sale of IDBI Bank has intensified, with Union Finance Minister Nirmala Sitharaman hitting back at Congress leader Rahul Gandhi's criticism of the government's disinvestment decision. Responding to Gandhi's objections, Sitharaman argued that IDBI Bank was handed over to the NDA government in poor financial condition, citing bad loans and lending to large business groups. She credited the government's reforms, professional management and recapitalisation of more than ₹25,000 crore for the bank's financial recovery. #NirmalaSitharaman #RahulGandhi #IDBIBank #IDBIBankSale #IDBIDisinvestment #BankPrivatisation n18oc_breaking-news n18oc_india CNN-News18 is your trusted source for breaking news, updates, and in-depth analysis from around the world. CNN-News18 is dedicated to bringing you the latest news, trends, and insights, helping you stay informed and up-to-date. Subscribe Now and join our community of informed and engaged viewers.  Follow Every Breaking Story LIVE 🔴 Watch News18 LIVE 24x7: https://youtube.com/live/rfDx1HMvXbQ Follow us on Google: news18.co/cn18g Follow CNN News18 on X: https://x.com/CNNnews18 Follow CNN News18 on Instagram: https://www.instagram.com/cnnnews18/ Follow CNN News18 on Facebook: facebook.com/cnnnews18 #GetCloserToTheNews with latest headlines on politics, sports and entertainment on news18.com News18 Mobile App - https://onelink.to/desc-youtube