People have lost faith in RBI, banking system: Anand Sharma

Congress today targeted RBI and banks in the country, saying people have “lost faith” in the “banking system” after Prime Minister Narendra Modi’s “disastrous movement” to demonetise the high-value currency notes.

Senior Congress leader and party’s chief spokesperson Anand Sharma alleged that “crores and crores and crores of newly-printed currency (notes) are going out” from the “back doors” of the banks while common people were denied their right to withdraw their hard earned money they have deposited in these banks.

“People had faith in Indian banking system. After the financial crisis and after the economic crisis of 2008-09, Indian banks showed their resilience and their trustworthiness.