StatesUttar Pradesh
Akhilesh Yadav puts '12 questions' to the Centre on the state of India's banks
The Samajwadi Party chief asked why banks said to be stronger are being sold, why rural branches are shutting and why fraud victims wait for refunds.
Key points
- Akhilesh Yadav posted 'Twelve years, twelve questions' on X, tagging the Department of Financial Services.
- He asked why rural branches and ATMs are closing if banks have grown stronger.
- The list also took up cyber fraud refunds, CIBIL errors and stalled bank recruitment.
Samajwadi Party president Akhilesh Yadav on Saturday challenged the Centre’s claim that India’s banks have been made stronger, posting a list of twelve questions under the title “Twelve years, twelve questions” and tagging the Finance Ministry’s Department of Financial Services.
Each question began the same way. “If banks have become stronger, then why are they being sold off?” he asked first, before turning to fees deducted from the accounts of the poor and customers turned away “in the name of repeated KYC requirements”.
From branches to CIBIL scores
Yadav, the Lok Sabha MP from Kannauj, asked why rural branches and ATMs were being closed, “forcing the public to wander around for cash”, and why farmers, students and small shopkeepers could not get loans “without middlemen and without guarantors”.
He asked why victims of cyber fraud were made to run between police stations and banks before getting their money back, why money stayed stuck for days when digital payments failed, and why home and education loan rates were so high. Young people, he wrote, were being labelled defaulters over the slightest mistake in their CIBIL scores.
His last question was about bank staff: why their demands were not being met, why there was no new recruitment, and why existing employees were under so much pressure “that customer service itself is falling apart”. He also asked why borrowers who took huge loans and fled abroad had not been brought back and punished.
The post came a day after Yadav told a press conference in Lucknow that he was not against the Special Intensive Revision of electoral rolls but against what he called a conspiracy to rig elections through it.