Prime Minister Narendra Modi on July 22 hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the sector's strength.
Addressing a Rozgar Mela after giving appointment letters to over 70,000 recruits virtually, Mr. Modi noted that a large number of them have been employed in the banking sector as he highlighted how it was "destroyed" under the previous dispensation before his government took corrective measures.
He said that the "phone banking" scam was one of the biggest scams of the previous government as it broke the back of the banking system.
