The BJP on Sunday slammed the Congress over Jairam Ramesh targeting the government over foreign firms acquiring banks in the country and said the party that presided over the ''worst banking crisis'' in independent India is in no position to lecture anyone on prudence.

Ramesh, the Congress general secretary in charge of communications, said foreign firms gradually being allowed to acquire Indian banks was ''imprudent'' as it poses substantial risks and recalled that the Jan Sangh had criticised then prime minister Indira Gandhi for not nationalising foreign banks in July 1969.

''First, Laxmi Vilas Bank was acquired by Singapore's DBS Group. Second, Catholic Syrian Bank was acquired by Canada's Fairfax. Third, Japan's Sumitomo Mitsui Banking Corporation took over Yes Bank. Now comes news

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