Home/Business/Top Business Houses/Global Trust Bank

Global Trust Bank

Born of a vision to create a modern and model institution, Global Trust Bank has been creating new milestones in Indian banking history since its inception on 30th October,1994.   

Global Strenghts : Promoted by a generation of very successful professionals led by Mr. Ramesh Gelli, Global Trust Bank has made impressive international alliances which give unique strengths.

The bank also has equity and technical partnership with:

Hambrecht & Quist, San Francisco based Investment Banking Company, who are pioneers in identifying and funding high tech venture capital companies. They have achieved notable success in software, hardware and bio-technology industries such as Apple, Sybase, Oracle, Genetch among others. H&Q is helping Global Trust to develop skills in identifying opportunities in the fields of bio-tech, communications and Information Technology.

T A Enterprise Berhad, Malaysia, Asia's largest and most successful securities trading firm outside Japan with operations in 8 countries. Their expertise and training support is being used by our Investment Banking Division in Placements, Bought out and Structured Deals. MOU with Daiwa Securities Group, to under take research in industry, equity and macro- economics. Daiwa Securities is part of the Daiwa Institute of Research, who are the second largest research group in Japan and fourth largest in the world. Joint research and training on Indian economy and industry has been initiated. Global alliances, advance technology and highly skilled professionals enable Global Trust Bank to offer international standard products and services at competitive prices.

A score of achievements : 

The Bank has been creating records of sorts , even before the commencement of operations. 

• The Initial Public Issue of Rs.260 million received subscription of Rs.15.75 billion from over 1 million investors. Over- subscribed by a record 60 times! 
• On day one of operation, the bank received Rs.1 billion of deposits; Rs.10 billion by the end of the year; and Rs.27.06 billion in 35 months. At the end of 35 months the total business exceeded Rs.43.02 billion making Global Trust one of the fastest growing banks in India.In just over two years the bank has won the Best Export Performance Award from the Gem and Jewellery industry. 

Global Trust Bank offers its clientele a wide array of services blended to suit every need. Retail Banking products, Wholesale banking products, Treasury products, Investment Banking products, Non-Resident Indian products, Depository services, Advisory services etc.

• A range of products and services offering you unique benefits with best returns on your savings. 
• Xtra banking hours to bank when you like. 
• A rapidly growing network 
• Truly professional and friendly staff always eager to extend themselves to serve you better. 
• Constant improvement and innovations to meet your needs and expectations. Soon our customers will be able to withdraw not from just the branch where the account is maintained , but from any of the Global Trust Bank branches or ATMs in India. More to follow - Credit Cards. 
• A strong business focus in each area, supported by training, research and international alliances 

Extra Banking Hours : 

• At Global Trust Bank we work your hours. Our branches are generally open from 10.00 a.m upto 4.00 p.m on weekdays and from 10.00 a.m to 1.00 p.m on weekends, compared to the normal 10.00 a.m to 2.00 p.m banking. 
• Wherever there is customer requirement , some of our branches remain open even on Sundays from 10.00 a.m upto 2.00 p.m . During weekdays from 8.00 a.m upto 6.00 p.m. We aim to be at your service Anytime. Anywhere . Anyday. 

Wide Network : 

• The bank has opened 48 offices/ business centres at key locations in 14 major cities across the country. And soon we will be opening many more offices across India. 
• We have tied up with leading nationalised bank, Canara Bank for swift remittance facility to 55 centres in India. Which means a Non-resident customer or businessman can send remittance to his dependent almost anywhere in India in no time. 

Financing India's Export Group : 

Playing its vital role in fueling India's economic growth, the bank has consciously worked towards supporting India's largest and fastest growing mid corporate sector. We have financed export trade to the extent of 28% of advances with a merchant turnover of Rs 41.6 billion for the year ended March 1997. We offer an all encompassing basket of services which mid corporates are increasingly utilizing. The bank has specialised in lending to software, energy, telecom, textiles, pharmaceuticals and Gems and jewelry sectors. Recognizing our outstanding contribution, the Gem and Jewelry Export promotion Council has awarded the bank the Best Export Performance Award for 1996.

Little surprise that in just two and a half years of operation the bank has occupied a premium position in the heart of Indian public and corporates. First bank to offer three free drafts / remittance without limit in a month to domestic Savings Account holders. First bank to introduce depository services in India in association with National Securities Depository Limited called Global Securities Banking. Global Securities Banking attracted more than 60% of the clearing members accounts on launch. To sum up, you can always Expect more from us.

The rerformance highlights of Global Trust reflect our financial strengths and satisfaction level of our customers and Share Holders. 

• Total Business - Rs.43.02 billion 
• Deposits - Rs.27.06 billion 
• Cumulative Profits - Rs.1.50 billion on an equity base of Rs.1.04 billion.