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RBI expedited GTB's bailout
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| MUMBAI, JULY 26: The Reserve Bank of India (RBI) and the government speeded up the Global Trust Bank bailout after its latest inspection showed further erosion in its net worth and capital adequacy ratio. |
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Jul 27, 2004 08:07:04 |
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0 | | Author | Indian Express |
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| Similar news: | - 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''.
- 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).
- 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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