Collapse of Global Trust Bank : Banknet India


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Name :	Shruti Kapoor
Subject:	Who is responsible?
Message :	This raises serious question about RBI. How can they allow GTB to issue balace sheet with wrong figures, when they were aware of actual position. Since 2002, RBI was aware of imminent collapse of GTB. They were hiding the facts from public and allowing GTB to garner deposits and new accounts. GTB is not a cooperative bak, it was a major indian bank with more than 8 lac customers. RBI should have done better !!