Saturday, Mar 13, 2004
Saturday, Mar 13, 2004 |
| Business | ||||
|
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Advts: Classifieds | Employment | Business
By Our Special Correspondent
HYDERABAD, MARCH 12. Ramesh Gelli has resigned from the board of directors of Global Trust Bank (GTB). In fact, Mr. Gelli, was inducted on the board only recently, but has said that his resignation now was due to `definite developments' in the area of a `turnaround' fund, which he has been wanting to set up. In a statement here on Friday, he said he had indicated to the board the possibility of his having to detach himself from the bank even when he was inducted recently. This is the second time that Mr. Gelli is out of the board. Earlier, a few years ago, he resigned following the controversy over the bank's exposure to the capital market during the Ketan Parekh episode. On Friday, Mr. Gelli said his concept of a turnaround fund had received encouraging response from a large number of friends. "Since this would call for my full involvement and travels outside India to finalise the fund and in the interest of avoiding any potential conflict, I thought it would be better to detach myself from the bank,'' he said.
Printer friendly
page
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2004, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
