Business Ethics and Corporate Governance, Second Edition

CASE STUDY: GLOBAL TRUST BANK: THE BANK THAT WENT BUST

(This case study is based on reports in the print and electronic media. The case is meant for academic purpose only. The writer has no intention to sully the reputations of the corporate or the executives discussed.)

LIBERALIZATION USHERS IN NEW GENERATION BANKS

Post-1991, the new economic policy of the Government of India unleashed a process of liberalization and deregulation. Like in all other sectors of the economy, there were reforms in the financial sector too, and the new policy allowed the creation of private sector banks in the country after a lapse of almost three decades. The Reserve Bank of India (RBI) opened the doors of the banking industry to new players, and the era of the ...