Gtb Inflated Profits: Rbi

The Reserve Bank of India has found serious irregularities in the functioning of Global Trust Bank (GTB). An RBI inspection, carried out for the financial year 1999-2000, found that GTB inflated net profits, net worth and capital adequacy ratio (CAR) and had lowered its non-performing assets (NPA).

The RBI inspection report also pointed out that the credit appraisal system of the bank was not satisfactory and the quality of credit supervision