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Home » News » MP Raghav Chadha Slams Public Sector Banks in Parliament, FM Sitharaman Responds
Finance

MP Raghav Chadha Slams Public Sector Banks in Parliament, FM Sitharaman Responds

Emily CarterBy Emily Carter Finance
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New Delhi, March 2025 – recently broke out a heated debate in Parliament when Aap Raghav Chadha deputy launched a strong criticism of public sector banks (PSB), accusing them of low performance and overload to the common public. Chadha highlighted long delays in basic banking services, pointing to the overpopulated branches where customers must wait in tails of length to complete routine tasks.

“There is a great career in public sector banks, and people have to overcome a line to do their job, which takes a long time,” Chadha points to the session. Hello, he also criticized the physical condition of the PSB branches, pointing out deteriorated buildings and non -functional fans such as evidence or negligence.

Chadha also accused PSB or imposing excessive charges on customers, including tariffs by account states and other basic services. The simple high loan processing rates as another load, claiming that banks are “taking a lot of money” from the public under pretexts and pretexts. “They are charging more money from the common public,” the government said to address these problems.

FM Sitharaman counteracts Chadha’s claims

The Minister of Finance, Nirmala Sitharaman, responded to the accusations of Deputy Raghav Chadha, defending the performance of public sector banks. While the specific details of the refutation were not revealed in the initial reports, the sources indicate that she challenges the statements of the MPS, suggesting a counter-narrative to their accusations of inefficiency and overload. The exchange has caused wide attention, with the public waiting for more clarifications from both sides.

The clash between Chadha and Sitharaman has put PSB under the center of attention, asking questions about the quality of their service and rates structures. To obtain the latest updates about this development story, follow our Bank Pedia Hub WhatsApp channel.

Conclusion

The debate of the Parliament between Deputy Raghav Chadha and FM Nirmala Sitharaman underlines Conns Crescent Conns in the operations of public sector banks. Chadha delays accusations, poor infrastructure and high rates have a firm response from the Minister of Finance, preparing the stage for a broader discussion.

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