Partner Channels: Auctions | Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel
April 12, 2001
|
|
|
|
|
|
||
|
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding | Women Partner Channels: Auctions | Auto | Bill Pay | IT Education | Jobs | Lifestyle | Technology | Travel |
||
|
|
||
|
Home >
Money > Business Headlines > Report April 12, 2001 |
Feedback
|
|
|
Rs 500 million net deposit outflow from GTB in 17 daysBS Banking Bureau The pace of deposit withdrawals from Global Trust Bank has gained momentum. GTB officials admitted that there has been some withdrawals of fixed deposits from the bank. They said that between March 24 and April 10, the bank saw an outgo of Rs 6.75 billion. But at the same time, they said, the bank gained Rs 6.25 billion in new deposits from some 27,800 customers, most of it in the form of term deposits. So the net outflow had been just Rs 500 million, they said. A senior bank official said that the deposit base of the bank was Rs 77.40 billion and the outflow was marginal. "There is nothing abnormal about it," said the executive. GTB officials added that the withdrawals have been mostly of deposits, which had matured. Premature withdrawals accounted for only around 10 per cent of the total withdrawals. However, banking industry sources said there have been heavy withdrawals in some cities. The bank has a network of 80 branches spread over 23 cities. Ever since the merger proposal with UTI Bank was announced on January 24, GTB has been in the midst of controversies. A preliminary Sebi report has accused its chairman and managing director Ramesh Gelli of nexus with stock broker Ketan Parekh. The bank called off the merger with UTI Bank on April 3. GTB has been growing at the rate of around 30 per cent annually. It has a customer base of around 63 million and an advance base of Rs 42.10 billion. Powered by ALSO READ:
|
||||
