DEBT MARKET
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

PRIVATE BANKS
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

`Black Saturday' for GTB clients
IT was a quiet Saturday until the flash news on the TV screen alerted the viewers about moratorium on Global Trust Bank. Within minutes, customers and depositors started rushing to the nearest ATM or the bank's branch to enquire. But by then, ... More

Customers throng GTB branches for withdrawals
NEAR normalcy was restored in the operations of Global Trust Bank (GTB), which came under the purview of the three-months of moratorium imposed by the Reserve Bank of India (RBI) from Saturday. Around 70 branches out of the bank's total ... More

Gearing up
Mr Ashok Kumar, Vice-President (Operations), Global Trust Bank, explaining to senior officials of the bank the various methods of dealing with the depositors, at their headquarters in Hyderabad on Sunday. ... More

PUBLIC SECTOR BANKS

INTEREST RATES
Guard against surprise on US interest rates
THE latest Congressional testimony by the Federal Reserve Chairman, Mr Alan Greenspan, to the Banking Committee of the US Senate stands out in more than one ways. One, it admits that the US economy is now in a phase of expansion that is ... More

CREDIT MARKET
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

CREDIT CARDS & DEBIT CARDS