GTB placed under 3-month moratorium
RBI permits withdrawals up to Rs 10,000; appoints 3 directors
THE Government on Saturday froze all operations, save for the most necessary, of the Hyderabad-based Global Trust Bank (GTB) for three months. Depositors, however, have been allowed to withdraw up to Rs 10,000 during the freeze. An order of ...
Anxious customers throng GTB branches
THE scene at the headquarters of Global Trust Bank (GTB) on the Sardar Patel Road here on Saturday afternoon was akin to that of a major fire-fighting exercise with the top brass of the bank having a tough time in making and attending to hundreds ...
Finally, RBI loses trust in GTB
THE net worth of Global Trust Bank (GTB) was completely eroded by March 2002. It, however, took nearly two years for the Reserve Bank of India to take a decisive step after it first found there was something wrong with GTB, promoted by Mr ...
Capacity utilisation stagnates in 2003-04
THE Indian economy is waiting for resurgence in investment-led demand to push growth rate to a higher trajectory. The Finance Minister has increased tax incentives for industrial investments. Still, we may have to wait a while for a ...
ONGC, Gail, OIL told to pay Rs 1,200 cr to marketing cos
THE Government has directed Oil and Natural Gas Corporation (ONGC), Gail (India) Ltd and Oil India Ltd (OIL) to pay Rs 1,200 crore to the public sector oil marketing companies. The payment is towards sharing a third of the losses incurred by ...
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