Finance Minister Nirmala Sitharaman on Tuesday accused Congress leader Rahul Gandhi of misleading the people in a brazen manner and sensationalising facts in the wilful defaulters issue. In a series of tweets, she said that between 2009-10 and 2013-14, scheduled commercial banks had written off ₹1.45 lakh crore. She said provisions are made for Non-Performing Assets and 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, she wrote. The Finance Minister said they are those well-connected promoters who benefitted from UPA's 'Phone banking'. She then recalled the words of Raghuram Rajan who said,"A large number of bad loans originated in the period 2006-2008. Too many loans were made to well-connected promoters who have a history of defaulting on their loans."