News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Home  » Business » GTB: More withdrawals soon, says FM

GTB: More withdrawals soon, says FM

Source: PTI
July 28, 2004 13:10 IST
Get Rediff News in your Inbox:

The withdrawal limit from the Global Trust Bank is likely to be enhanced soon, Union Finance Minister P Chidambaram said on Wednesday.

The government had already relaxed withdrawal of money for education, medical expenses and marriage. "The present Rs 10,000 limit is also likely to be relaxed soon," he told reporters at the Chennai airport.

Asked about reports that some employers were facing problems in withdrawing money for payment of salaries, he said the matter had been brought to his notice. Steps would be taken to ease the situation, the FM said, adding that the depositors need not have any fears over their deposits, which are safe.

To a question on a probe being ordered to identify those responsible for the GTB crisis, he said: "Only after a full inquiry we will be able to say who is responsible."
Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!