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Our Bureau

Hyderabad , May 25

GLOBAL Trust Bank (GTB), the Hyderabad-based private sector bank that is suffering net worth erosion problems, has sought the help of the newly formed Government in Andhra Pradesh.

In a press release here, the bank said its Managing Director, Mr Sudhakar Gande, called on the Chief Minister, Dr Y.S. Rajasekhara Reddy and briefed him about the developments of the bank over the last two years.

While informing the Chief Minister about GTB's future plans, including the raising of capital, Mr Gande has also requested the Chief Minister to support the various activities of the bank.

The MD has extended the bank's support to the activities that would be undertaken by the State Government, where banking sector has a role to play, the release said.

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