PM Modi slams UPA for 'bank scams', distributes 70,000 appointment letters virtually

Delivering his virtual address to Rozgar Mela, PM Narendra Modi took a dig at the opposition parties, saying that the public banks were earlier known for losses of thousands of crores and non-performing assets (NPAs) but they are now known for record profits.

NEW DELHI : Prime Minister Narendra Modi launched a blistering attack on the opposition parties while delivering his address virtually to the participants in the Rozgar Mela held at over 44 locations across the country. The PM had virtually distributed more than 70,000 appointment letters to newly-inducted recruits, most of whom were employed in the banking sector.

Speaking on the occasion, PM Modi said that the public banks were earlier known for losses of thousands of crores and non-performing assets (NPAs) and they are now known for record profits. 'Phone banking' scam was one of the biggest scams of the previous government and it broke the back of banking system in the country, he said.

The Prime Minister highlighted how the banking sector was "destroyed" under the previous government which used phone banking to give loans of thousands of crores of rupees to favourites of some powerful leaders and families, and those loans were never meant to be returned. He listed out several measures his government took to strengthen the management of banks by merging small banks and injecting professionalism.

Asserting that there has been a positive atmosphere now, the Prime Minister said that efforts should be made to make full use of global trust and attraction that were building up for India.

The Rozgar Melas were held at 44 locations across the country for recruitments to central government departments. The newly-recruited candidates will join various government ministries and departments. This was being undertaken towards fulfilling PM Modi's commitment to employment generation and create deserving opportunities to the young generation, as per an official statement.

The government has been giving a new thrust to the youth empowerment through their employment and training under Karmayogi Prarambh online module with more than 580 e-learning courses in an ‘anywhere-any device’ learning format. (with agency inputs)