Ramesh Gelli, one of the promoters of Global Trust Bank, has blamed the 2001 stock market fall and violations of internal procedures in sanctions for the collapse of the bank. | |
| In an interview to Business Standard, the 58-year-old Gelli said he planned to retire from banking. "My career as a banker is over. I may pursue academics or be a mentor to new entrepreneurs." |
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| "I would like to blame my experimentation with delegation of power and full dependence on the senior management team (for the bank's failure)," he said. |
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