PRIVATE BANKS
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 ... More

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 ... More

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 ... More

CREDIT MARKET
Bank credit up Rs 4,904 cr
BANK credit moved up by Rs 4,904 crore to touch Rs 82,312 crore for the fortnight ended July 9, 2004. Food credit grew by Rs 396 crore to touch Rs 43,457 crore, while non-food credit jumped by Rs 4,508 crore to Rs 8,38,854 crore. Accommodation ... More