Processing .....please wait.. 
The article has been forwarded.... 
GTB posts net loss of Rs 812.38 cr for '03-04
By siliconindia staff writer
|
Monday, 09 August 2004, 19:30 IST
MUMBAI: Troubled Global Trust Bank has posted a net loss of Rs 812.38 crore for the year ended March 31, 2004.
The total income for the FY-04 stood at Rs 515.25 crore while the total expenditure stood at Rs 594.04 crore, the private sector bank, which is under a moratorium since July 24 and is proposed to be merged with Oriental Bank of Commerce, informed the National Stock Exchange on Monday.
The provisioning and contingenies for the reporting year stood at Rs 708.19 crore, the bank said after its board meeting in Secunderabad.
The capital adequacy was zero as on March 31, 2004.