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Monday, July 26, 2004

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GTB clients fume at RBI's sudden move
SHUT down a bank without any notice? This is daylight robbery. Why should depositors be penalised for no fault of theirs? Deposits are our money, why this Rs 10,000-limit on withdrawals? Why not RBI supersede the board of GTB and run it? These ... More

Demat, locker operations allowed
A DAY after Global Trust Bank (GTB) was placed under moratorium, the Reserve Bank of India on Sunday said that the demat accounts and safe deposit lockers of the bank's customers will be allowed to be operated as usual. The moratorium is ... More

GTB's inherent strengths outweigh its NPAs: Gande
EVEN after the day-long developments of the RBI imposing moratorium that caused panic among depositors across the country on Saturday, the Global Trust Bank (GTB) Managing Director, Mr Sudhakar Gande, remains optimistic. "The bank still enjoys ... More

RBI creates liquidity crisis for GTB customers
AT some point in his life, Mr Ramesh Gelli fancied becoming India's top banker and the opportunity came in 1993 when the RBI allowed the private sector to set up banks. Mr Gelli put in a joint application with Mr Jayant Madhab and Global Trust ... More

India Inc pays highest taxes in Third World
INDIA Inc. pays considerably lower taxes as compared to its counterparts in the developed world. At an average corporate tax rate of 35.875 per cent, Indian industry, however, pays among the highest tax in comparison to industry in many of the ... More

Collateral-free loan up to Rs 7.50 lakh for students: IBA
THE norms under Education Loan Scheme have been simplified by the Indian Banks' Association to facilitate students get loans up to Rs 7.50 lakh without any collateral securities. Reacting to the angry public reaction to the incident of ... More

Higher borrowings loom large over bond market
BONDS were weak last week as accelerating inflation and high international oil prices continued to worry the markets. Traders said that Finance Minister's partial rollback of transaction tax failed to assuage them. One trader said, ... More




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