“The misrepresentation of the facts is an insult …”: Secretary of State Cetaraman strongly criticizes the claim of Rahul Gandhi PSB

On Wednesday, the Federation’s Finance Minister Nermaala Camadmann criticized the opposition leader Rahul Gandhi for accusing the National Democratic Assembly government of misuse of public sector banks as an unlimited source of money for their “fraudulent friends”.

Sitharaman said in a series of social media publications X that Gandhi’s allegations are unfounded as public sector banks (PSBS) witnessed a remarkable shift under the current government. It expressed that Gandhi’s distortion of facts is a humiliating matter for excessive PSB employees and individuals who rely on a more efficient and secure banking system.

“Rahoul Gandhi’s facts are an insult to the hard -working PSB employees and citizens who benefit from a cleaner and stronger banking system. It is time for Incindia to improve Lop’s understanding of governance. Didn’t that people who met him told him with Lop that in the past two years, 16 credit awareness programs have been implemented In all parts of India, more than 24,500 rupees were spent in these loans were offered for about 9,000 small customers in the framework of the PM Mudra, KISAN Credit Steam, Standup India, PM Svanidhi, small and medium -sized companies, and agricultural loans. They are small loans without guarantees “aimed at supporting the common people”, Steammann indicated in its publication.

In the same series of publications, she indicated that the twelfth bilateral settlement (BPS) was signed a long time before the typical schedule of such agreements. As a result, the bank employees’ income increased significantly.

The twelfth BPS includes many appropriate procedures for employees, such as:

• An increase of 17% in salary and allowances (12,449 rupees) and pregnancy by 3% (within the total increase of 17%) at a value of 1,795 rupees (attracting final benefits).
• Salary and new costs for all cadres.
• Change in the basis year to calculate the DA/DR rates for employees during service as well as retirees/retirees from the family from 1960 to 2016
• Stopping rates/revised residence expenses, scarring allowance and wild travel expenses.
• A modified medical insurance policy for retirees in the concept of the basic policy.
• The employee welfare fund (SWF) got a batch by increasing the maximum annual spending. The ceiling, which was last modified in 2012, was fully revised. After the review, the maximum annual spending ceiling of the Social Welfare Fund for all 12 public bodies increased from 540 rupees to 845 rupees. This increase will benefit 15,000 employees, including retired employees.

She added that PSBS was misused under the UPA system, as they had to provide loans to their friends.

“Mel Rahul Gandhi to make baseless statements clearly appear again. RAM during the UPA period has led to a significant deterioration in the health of PSBS in the shadow of @INCINDIA, PSBS was dealt with as “ATMs” for their friends and businessmen. Loans for their friends through “banking services” by the UPA government employees led by Congress.

She added to add that the current government launched a asset quality review in 2015, and revealed the practices of “banking services by phone” for the previous UPA government. The Moody government presented the “4rs” strategy and other banking sector reforms.

Earlier on Wednesday, Gandhi met a delegation from the Union of Banking Employees throughout India and posted on X that “the Moody government turned the lifestyle of the masses into two private financiers for rich and powerful companies only.”

After meeting with the members, he expressed his dissatisfaction with the status of public sector banks and its impact on the general public.

Gandhi said: “Public services companies are forced to give priority to profit at the expense of people, and therefore they are unable to serve the public effectively. With the lack of employees and the toxic work environment, it is expected that it will reach unimaginable goals without equal opportunities.”

“The Moody government must stop using public sector accounts as an unlimited source of money for their fraudulent friends. There is also what is more for public sector banks from just a profit check for the government at the end of the year,” the opposition leader said.