He expressed hope that he would emerge victorious from the seat.
"People of Chandigarh have full faith in me. They do not believe in whatever was being said about me," the former Union Minister told reporters after his renomination from Chandigarh seat was announced by Congress in New Delhi.
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Thanking the party high command for showing faith in him, he said whatever was being said about him was a part of a conspiracy.
President of Chandigarh unit of Congress B B Behal said Bansal deserved the ticket and he will win with a huge margin.
Bansal had to resign from the Cabinet in the wake of Rs ten crore cash-for-post bribery scam allegedly involving his nephew Vijay Singla and nine others when the Congress leader was holding the Railways portfolio.