PNB fraud case: Congress says it will oppose PSBs privatisation

Party releases documents that show Choksi was declared absconder in August 2017

The Congress on Monday termed “preposterous” and “irresponsible” the suggestion that public sector banks (PSBs) should be privatised in light of the problem of non-performing assets (NPAs) and the Rs 114-billion bank fraud.

Congress spokesperson Manish Tewari said the party will oppose any move to privatise nationalised banks with all the force at its command.

“You are unable to deal with the NPAs and banking fraud and you say the entire banking system be privatised. This is utterly irresponsible,” Tewari said. He said there is enough data available in the public domain to prove that NPAs as a ratio of