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3-mth moratorium on GTB

July 24, 2004 17:58 IST

The Union government has issued a three-month moratorium on Hyderabad-based Global Trust Bank, effective close of business on Saturday in the interest of public and depositors.

The moratorium would be inclusive of October 23, 2004 or an earlier date, until an alternate arrangement is made,

Reserve Bank of India said in a release in Mumbai on Saturday.

During this period, RBI will consider various options, including amalgamation of GTB with any other bank and finalise the plans in public interest and protect public deposits.

The depositors would be permitted to withdraw upto Rs 10,000 from their saving banks or current account or any other deposit account through any of the branches of the bank.

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Number of User Comments: 14




Sub: Is or WAS RBI SLEEPING ....?

Is or WAS RBI SLEEPING ....? We depositors / customers of bank (any bank) can't believe that RBI suddenly woke up at 2:30 pm on ...


Posted by Nagesh Ganti





Sub: GTB

Does'nt the Government or the RBI for that matter, have any responsibility towards the people of this country ? Is this practice of so many ...


Posted by Derek Hayward





Sub: GTB

Does'nt the Government or the RBI for that matter, have any responsibility towards the people of this country ? Is this practice of so many ...


Posted by Derek Hayward





Sub: GTB

Is there a black cat hdding behind that ?whose resonsible for, in case of emergency s The Union Govt ot GTB? ...


Posted by jyothikrishna





Sub: reg. issue of fund, demat & locker

I would like to now about the locker operations and the amount 10000/- how can the customer get them ? Pls do send the details ...


Posted by vivek




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