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GTB failure unlikely to dent Indian banking system: Fitch
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| NEW DELHI: The damage caused by Global Trust Bank's failure is unlikely to have a significant effect on the overall Indian banking system, even as depositors and creditors may face temporary problems, international rating agency Fitch said today. |
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| Updated |
Jul 29, 2004 12:07:09 |
| Rating |
 38 ( -6 -15.78% ) | | Author | Business Line |
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| Similar news: | - GTB to be merged with OBC - The Reserve Bank of India (RBI) today announced that Global Trust Bank (GTB) will be amalgamated with Oriental Bank of Commerce (OBC).
- OBC to value GTB assets, liabilities - Oriental Bank of Commerce will, in consultation with Global Trust Bank, value its assets and liabilities for the merger even as the Reserve Bank of India on Monday said the entire paid-up capital and reserves of GTB will be treated as provision for bad ..
- GTB's Merger With OBC Is Justified But... - The Reserve Bank of India has imposed a three-month moratorium on the operations of Global Trust Bank (GTB) to protect depositors'interest. The Delhi-based Oriental Bank of Commerce (OBC) has agreed to amalgamate GTB with itself. That settles the issue ..
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