‘I am Amused’: Sitharaman’s Humorous Take On Raghav Chadha’s ‘No Fan, No Chair’ Comment On Rural Banks – News18

Final Up to date:March 27, 2025, 19:40 IST

Nirmala Sitharaman, in a enjoyable banter, stated that Raghav Chadha’s publicity to the western world would assist folks inside the nation.

Union Finance Minister Nirmala Sitharaman on Wednesday gave a humorous response to Aam Aadmi Occasion (AAP) Rajya Sabha MP Raghav Chadha for elevating the problem of the situations of banks in Parliament.

Sitharaman, whereas addressing the Rajya Sabha, in a enjoyable banter with Chadha, stated that his publicity to the western world would assist folks inside the nation. “I used to be amused, sir, if Member Raghav Chadha doesn’t take offense, he noticed the variety of followers within the financial institution, the situation of the financial institution, what number of had been whitewashed and never painted. I’m actually so, so happy. There are members of Parliament who’re in any other case very busy with many issues internationally,” she stated.

“He has discovered time to go to rural banks and have a look at them, noticing there are not any followers, no doorways, no chairs. Raghav Chadha, please do extra of this. It would assist folks inside the nation as a result of, together with your publicity, notably to the Western world, you are able to do much more right here. Please do,” she added.

Following Sitharaman’s reply, Chadha was seen smiling. Earlier, the Aam Aadmi Occasion (AAP) MP expressed deep concern over the extreme disaster affecting the nation’s banking system.

Raghav Chadha on Situations Of Banks

In the course of the dialogue on the Banking Legal guidelines (Modification) Invoice, 2024 within the Rajya Sabha, Raghav Chadha questioned the central authorities’s intentions, stating that the invoice doesn’t meet public expectations.

He emphasised that banks usually are not simply monetary establishments however the basis of democracy.

Addressing the home, the AAP chief stated, “Financial institution is not only a constructing manufactured from brick, cement and concrete. Financial institution is not only the title of an ATM manufactured from iron and aluminum. Financial institution is a reputation of belief for the folks of our nation. However right now, this belief earned through the years is breaking, as a substitute of offering comfort to the general public the financial institution has change into an online of issues.”

“From widespread folks’s financial savings to farmers’ loans, from college students’ schooling to retirees’ pensions – the banking system is deeply built-in into each citizen’s life. Nevertheless, rising banking fraud, mortgage restoration points, and rising stress on staff have resulted in declining public belief in banks. Right now, individuals are hesitant to belief banks with their cash,” he stated.

Along with this, Chadha additionally identified that dwelling mortgage charges within the nation have surged to eight.5 % – 9 %, whereas schooling loans vary from 8.5 % to 13 %. He urged the federal government to set a most restrict on schooling and residential mortgage rates of interest.

In the course of the dialogue on invoice, Chadha warned that with no strong banking system, the complete framework of financial savings and credit score would collapse.

(With company inputs)