This minister of Modi government reformed the banking system, former RBI Governor told that the condition was bad during Congress rule.

New Delhi : In the year 2013, Raghuram Rajan, former Governor of Reserve Bank of India, has said a big thing about the UPA government without taking its name. He has discussed about the banking system during the tenure of both UPA 2 and Modi government. Giving information, he said that due to some policies of UPA 2, bad loans in banks had increased.

Former RBI Governor Raghuram Rajan had held the post of RBI Governor during the tenure of UPA 2. While giving information, he said that during the tenure of UPA 2, he had tried to handle the bad loans of banks. Then in 2014, Arun Jaitley took over as Finance Minister. Along with this, former Governor Raghuram Rajan has said many more things, about which we are going to tell in detail here.

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Said this without taking the name of UPA

Rajan has given an interview recently. In this interview, without taking the name of UPA, Rajan has said that apart from the global financial crisis in India, corruption is also a big problem. Due to all these reasons, there was delay in getting approval for many projects. Apart from this, there were many such projects which were delayed due to not getting environmental clearance. In the same interview, he has further said that all these things had affected the loan system of the bank and due to the project not being started on time, the bank's money remained stuck and bad loans had also increased.

Arun Jaitley had reformed the banking system

RBI Governor has said a big thing about Arun Jaitley who became the Finance Minister in the year 2014. Praising Jaitley, he said that Arun Jaitley had helped a lot in reducing the NPA of banks. He said that the decisions taken by the NDA government to save the banks were very important decisions.

Banks used to follow businessmen

Raghuram Rajan has said that before the global economic crisis in 2008, banks used to distribute loans openly and used to ask businessmen with check books, how much loan do you want. He told that the reason behind this happening was because at that time the projects were completed on time and the bank money was also returned, but after the economic crisis, this situation had completely changed.