RBI expedited GTB's bailout

Other author's news:

• Loan waiver for farmers under study: PC - NEW DELHI, JULY 9: A day after springing a bonanza on farmers, Finance Minister P. Chidambaram today said the Government would examine''the issue of waiving loans of poor farmers and called upon MPs to assess if the measures announced in the ...
• Petrol pumps'strike on Wednesday over hike in diesel sales tax - New Delhi, July 25: All petrol pumps across the Capital will go on a strike on Wednesday to protest against the hike in diesel sales tax from 12 per cent to 20 per cent by the Delhi Government in its Budget.
• Economic survey upbeat on economy, warns on deficit - New Delhi, July 7: India's strong economic growth will only be sustained if infrastructure is improved and the fiscal deficit contained, said the Economic Survey tabled in Parliament on Wednesday, a day before the presentation of Union Budget.

Similar news:

• Newbridge was in bailout talks with GTB - The Reserve Bank of India (RBI) had decided on Friday to impose a three-month moratorium on Global Trust Bank (GTB).
• Bankers welcome RBI action on GTB - Leading bankers today welcomed the Reserve Bank of India (RBI) action on putting the Global Trust Bank (GTB) under moratorium by saying that it was a ''timely action''.
• RBI ropes in OBC to bail out GTB - NEW DELHI: Bad-loan ridden Global Trust Bank (GTB) will be merged with the government-owned Oriental Bank of Commerce (OBC). Announcing this on Monday, RBI assured the depositors of GTB that they would get their money back.

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