{"id":159937,"date":"2025-03-27T15:38:30","date_gmt":"2025-03-27T15:38:30","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/mp-raghav-chadha-slams-public-sector-banks-in-parliament-fm-sitharaman-responds\/"},"modified":"2025-03-27T15:38:30","modified_gmt":"2025-03-27T15:38:30","slug":"mp-raghav-chadha-slams-public-sector-banks-in-parliament-fm-sitharaman-responds","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=159937","title":{"rendered":"MP Raghav Chadha Slams Public Sector Banks in Parliament, FM Sitharaman Responds"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"break-words\">New Delhi, March 2025 \u2013 A heated debate erupted in Parliament recently as AAP MP Raghav Chadha launched a sharp critique of Public Sector Banks (PSBs), accusing them of poor performance and overburdening the common public. Chadha highlighted long delays in basic banking services, pointing to overcrowded branches where customers must wait in lengthy queues to complete routine tasks.<\/p>\n<p class=\"break-words\">\u201cThere is a huge rush in Public Sector Banks, and people have to maintain a line to get their work done, which takes a lot of time,\u201d Chadha stated during the session. He also criticized the physical condition of PSB branches, noting deteriorated buildings and non-functional fans as evidence of neglect.<\/p>\n<p class=\"break-words\">Chadha further accused PSBs of imposing excessive charges on customers, including fees for account statements and other basic services. He singled out high loan processing fees as another burden, alleging that banks are \u201ctaking a lot of money\u201d from the public under various pretexts. \u201cThey are charging more money from the common public,\u201d he said, urging the government to address these issues.<\/p>\n<div>\n<h2>FM Sitharaman Counters Chadha\u2019s Claims<\/h2>\n<p class=\"break-words\">Finance Minister Nirmala Sitharaman responded to MP Raghav Chadha\u2019s allegations, defending the performance of Public Sector Banks. While specific details of her rebuttal were not disclosed in the initial reports, sources indicate she challenged the MP\u2019s claims, suggesting a counter-narrative to his accusations of inefficiency and overcharging. The exchange has sparked widespread attention, with the public awaiting further clarification from both sides.<\/p>\n<div>The clash between Chadha and Sitharaman has put PSBs under the spotlight, raising questions about their service quality and fee structures. For the latest updates on this unfolding story, follow our <a href=\"https:\/\/whatsapp.com\/channel\/0029Va4b33GDuMRj0KCA6L3u\" rel=\"nofollow noopener\" target=\"_blank\">Bankpediaa Hub WhatsApp Channel<\/a>.<\/div>\n<\/div>\n<div>\n<div>\n<h2>Conclusion<\/h2>\n<p class=\"break-words\">The Parliament debate between MP Raghav Chadha and FM Nirmala Sitharaman underscores growing concerns over Public Sector Banks\u2019 operations. Chadha\u2019s allegations of delays, poor infrastructure, and high fees have met with a firm response from the Finance Minister, setting the stage for a larger discussion.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, March 2025 \u2013 A heated debate erupted in Parliament recently as AAP MP Raghav Chadha launched a sharp critique of Public Sector Banks (PSBs), accusing them of poor performance and overburdening the common public. Chadha highlighted long delays in basic banking services, pointing to overcrowded branches where customers must wait in lengthy queues [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[11297,65715,14811,5294,65714,37065,11330,65716,58454],"dealstore":[],"offerexpiration":[],"class_list":["post-159937","post","type-post","status-publish","format-standard","hentry","category-finance","tag-banks","tag-chadha","tag-parliament","tag-public","tag-raghav","tag-responds","tag-sector","tag-sitharaman","tag-slams"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MP Raghav Chadha Slams Public Sector Banks in Parliament, FM Sitharaman Responds - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=159937\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MP Raghav Chadha Slams Public Sector Banks in Parliament, FM Sitharaman Responds - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"New Delhi, March 2025 \u2013 A heated debate erupted in Parliament recently as AAP MP Raghav Chadha launched a sharp critique of Public Sector Banks (PSBs), accusing them of poor performance and overburdening the common public. Chadha highlighted long delays in basic banking services, pointing to overcrowded branches where customers must wait in lengthy queues [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=159937\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-27T15:38:30+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=159937#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=159937\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"MP Raghav Chadha Slams Public Sector Banks in Parliament, FM Sitharaman Responds\",\"datePublished\":\"2025-03-27T15:38:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=159937\"},\"wordCount\":336,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"keywords\":[\"Banks\",\"Chadha\",\"parliament\",\"Public\",\"Raghav\",\"responds\",\"Sector\",\"Sitharaman\",\"Slams\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fivemor.com\/?p=159937#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fivemor.com\/?p=159937\",\"url\":\"https:\/\/fivemor.com\/?p=159937\",\"name\":\"MP Raghav Chadha Slams Public Sector Banks in Parliament, FM Sitharaman Responds - 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