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Thursday, March 29, 2001
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Global Trust Bank placed on rating watch

The P1 plus rating assigned to the certificate of deposits programme of Global Trust Bank (GTB) is being placed on rating watch with developing implications. This action is being prompted by the uncertainties in the proposed merger of GTB and UTI Bank. Crisil would continue to closely monitor the developments relating to the proposed merger and would announce its final view on the rating after assessing the impact of the same.

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Section  : Business
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