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Drumbeat: Ad Buzzaar
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Saturday, May 23, 1998
GTB net up 40%
PRESS TRUST OF INDIA
HYDERABAD, May 22: Global Trust Bank has registered a net profit of Rs 80.13 crore for the financial year 1997-98, signifying a 40 per cent growth over the previous year, according to the bank chairman and managing director, Ramesh Gelli. He also declared a dividend of 18 per cent.Addressing a prress conference, he said deposits of the bank augmented to Rs 3,285 crore at the end of the financial year 1998, registering a growth of over 44 per cent. He also welcomed the recent steps to provide more authority to banks. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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