IDBI Bank divestment: Finance Minister Nirmala Sitharaman says Congress, UPA govt used banks, financial institutions as personal entities
Finance Minister Nirmala Sitharaman rebutted Rahul Gandhi’s remarks on the IDBI Bank sale to Fairfax, claiming that the Congress‑led UPA administrations treated banks and financial institutions as personal assets. She said those governments coerced bank staff to extend credit at their discretion, implying misuse of public lenders. The comment came amid ongoing debate over the privatization deal.