Crisil reaffirms GTB's FD

THE CREDIT Rating Information Services of India (Crisil) has reaffirmed the `P1 plus' rating assigned to the Certificate of Deposits programme of Global Trust Bank. The reaffirmation in rating follows the proposed merger between UTI Bank and GTB to form UTI Global Bank.

While the modalities of the proposed merger are awaited, Crisil is of the opinion that the factors supporting liquidity and the current rating continue to be unimpaired. Based on figures as at December 31, 2000, the merged entity would have total deposits of Rs. 15,665 crores and networth of Rs.928 crores.

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Section  : Business
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