Finance minister Nirmala Sitharaman slammed Rahul Gandhi for his ‘loan write off’ charge and said that the Congress leader resorted to sensationalising facts by taking them out of context. FM Sitharaman tweets, “Shri Rahul Gandhi MP (LS) and Shri Randeep Surjewala spokesperson of INCIndia have attempted to mislead people in a brazen manner. Typical to Congress, they resort to sensationalising facts by taking them out of context.” Nirmala Sitharaman, in her tweet, said that Rahul Gandhi should have consulted Dr. Manmohan Singh on what this writing-off was about. She further tweeted, "Provisions are made for NPAs as per the four-year provisioning cycle laid down by the RBI. Upon full provisioning being done banks write-off the fully provided NPA but continue to pursue recovery against the borrower. No loan is waived off. Those defaulters who do not repay despite having capacity to pay, divert or siphon-off funds, or dispose of secured assets without bank’s permission are categorised as wilful defaulters. They are those well connected promoters who benefitted from UPA’s ‘Phone banking’."