Financial Daily from THE HINDU group of publications
Monday, July 26, 2004

Cross Currency


Group Sites


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

Comments & Letters to the Editor to:
Subscribe to: Business Line

Pick a Winner Stock Market Contest

Top Stories
`Patents Act change can trigger spurt in IP violations'

e-signatures yet to gain favour

Guard against surprise on US interest rates

Making LNG imports on f.o.b. mandatory — An oar for Indian ship-owners

Railways strikes black gold

A future for derivatives

Resolving the crisis in traffic management

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line