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	'''Ramesh Gelli''' is an ~~[[India]]n~~ banking executive who served as the Chairman and Managing Director (CMD) of [[Vysya Bank]] and was a promoter and CMD of [[Global Trust Bank (India)\|Global Trust Bank]].<ref name="Sharma2008">{{cite book\|last=Sharma\|first=Manoranjan\|title=Dynamics Of Indian Banking : Views And Vistas\|url=https://books.google.com/books?id=zbXfRqODnzUC&pg=PA221\|accessdate=25 March 2012\|date=2008-01-01\|publisher=Atlantic Publishers & Dist\|isbn=9788126909988\|pages=221–}}</ref><ref>{{cite news\|url=http://articles.timesofindia.indiatimes.com/2004-02-16/hyderabad/28323403_1_gelli-gtb-chairman-stock-scam\|archive-url=https://archive.today/20120710080634/http://articles.timesofindia.indiatimes.com/2004-02-16/hyderabad/28323403_1_gelli-gtb-chairman-stock-scam\|url-status=dead\|archive-date=10 July 2012\|title=Gelli may jump into politics\|last=Ramana\|first=K V\|date=16 February 2004\|work=[[The Times of India]]\|accessdate=25 March 2012}}</ref> Gelli set up GTB in 1993 along with [[Jayant Madhab]], a top official of the [[Asian Development Bank]]. In 2001, Gelli was removed from his position of CMD of GTB and later from its board by India's banking regulator, the [[Reserve Bank of India]] (RBI) following a failed merger attempt. In 2004, GTB operations were halted by the RBI as GTB had accumulated non-performing assets in excess of permissible levels and its net worth turned negative, amidst accusations of mismanagement and reckless lending practices. GTB was then merged with the [[Oriental Bank of Commerce]] by the regulator.<ref>Gupte (2004).</ref><ref>Sridar (2004).</ref><ref>Marcello (2004).</ref>		'''Ramesh Gelli''' is an Indian banking executive who served as the Chairman and Managing Director (CMD) of [[Vysya Bank]] and was a promoter and CMD of [[Global Trust Bank (India)\|Global Trust Bank]].<ref name="Sharma2008">{{cite book\|last=Sharma\|first=Manoranjan\|title=Dynamics Of Indian Banking : Views And Vistas\|url=https://books.google.com/books?id=zbXfRqODnzUC&pg=PA221\|accessdate=25 March 2012\|date=2008-01-01\|publisher=Atlantic Publishers & Dist\|isbn=9788126909988\|pages=221–}}</ref><ref>{{cite news\|url=http://articles.timesofindia.indiatimes.com/2004-02-16/hyderabad/28323403_1_gelli-gtb-chairman-stock-scam\|archive-url=https://archive.today/20120710080634/http://articles.timesofindia.indiatimes.com/2004-02-16/hyderabad/28323403_1_gelli-gtb-chairman-stock-scam\|url-status=dead\|archive-date=10 July 2012\|title=Gelli may jump into politics\|last=Ramana\|first=K V\|date=16 February 2004\|work=[[The Times of India]]\|accessdate=25 March 2012}}</ref> Gelli set up GTB in 1993 along with [[Jayant Madhab]], a top official of the [[Asian Development Bank]]. In 2001, Gelli was removed from his position of CMD of GTB and later from its board by India's banking regulator, the [[Reserve Bank of India]] (RBI) following a failed merger attempt. In 2004, GTB operations were halted by the RBI as GTB had accumulated non-performing assets in excess of permissible levels and its net worth turned negative, amidst accusations of mismanagement and reckless lending practices. GTB was then merged with the [[Oriental Bank of Commerce]] by the regulator.<ref>Gupte (2004).</ref><ref>Sridar (2004).</ref><ref>Marcello (2004).</ref>

	Gelli is an engineering graduate from [[Osmania University]] and he holds a degree in management from the Asian Institute of Management, where he graduated at the top of his class. He worked at the [[Andhra Pradesh State Finance Corporation]] and [[Bharat Heavy Electricals Limited]] before being appointed general manager at Vysya Bank in 1980. Three years later, he was elevated to the position of CMD of Vysya Bank.		Gelli is an engineering graduate from [[Osmania University]] and he holds a degree in management from the Asian Institute of Management, where he graduated at the top of his class. He worked at the [[Andhra Pradesh State Finance Corporation]] and [[Bharat Heavy Electricals Limited]] before being appointed general manager at Vysya Bank in 1980. Three years later, he was elevated to the position of CMD of Vysya Bank.

imported>John of Reading: Typo/general fixes, replaced: TImes → Times

2021-07-30T07:18:31Z

Typo/general fixes, replaced: TImes → Times

New page

{{Use Indian English|date=July 2015}}
{{Use dmy dates|date=July 2015}}
{{BLP sources|date=December 2007}}
{{Infobox officeholder
| order = Chairman and Managing Director (CMD)
| office = Global Trust Bank (India)
| term_start = 1993
| term_end = 2001
| order2 = Chairman and Managing Director (CMD)
| office2 = Vysya Bank
}}
'''Ramesh Gelli''' is an [[India]]n banking executive who served as the Chairman and Managing Director (CMD) of [[Vysya Bank]] and was a promoter and CMD of [[Global Trust Bank (India)|Global Trust Bank]].<ref name="Sharma2008">{{cite book|last=Sharma|first=Manoranjan|title=Dynamics Of Indian Banking : Views And Vistas|url=https://books.google.com/books?id=zbXfRqODnzUC&pg=PA221|accessdate=25 March 2012|date=2008-01-01|publisher=Atlantic Publishers & Dist|isbn=9788126909988|pages=221–}}</ref><ref>{{cite news|url=http://articles.timesofindia.indiatimes.com/2004-02-16/hyderabad/28323403_1_gelli-gtb-chairman-stock-scam|archive-url=https://archive.today/20120710080634/http://articles.timesofindia.indiatimes.com/2004-02-16/hyderabad/28323403_1_gelli-gtb-chairman-stock-scam|url-status=dead|archive-date=10 July 2012|title=Gelli may jump into politics|last=Ramana|first=K V|date=16 February 2004|work=[[The Times of India]]|accessdate=25 March 2012}}</ref> Gelli set up GTB in 1993 along with [[Jayant Madhab]], a top official of the [[Asian Development Bank]]. In 2001, Gelli was removed from his position of CMD of GTB and later from its board by India's banking regulator, the [[Reserve Bank of India]] (RBI) following a failed merger attempt. In 2004, GTB operations were halted by the RBI as GTB had accumulated non-performing assets in excess of permissible levels and its net worth turned negative, amidst accusations of mismanagement and reckless lending practices. GTB was then merged with the [[Oriental Bank of Commerce]] by the regulator.<ref>Gupte (2004).</ref><ref>Sridar (2004).</ref><ref>Marcello (2004).</ref>

Gelli is an engineering graduate from [[Osmania University]] and he holds a degree in management from the Asian Institute of Management, where he graduated at the top of his class. He worked at the [[Andhra Pradesh State Finance Corporation]] and [[Bharat Heavy Electricals Limited]] before being appointed general manager at Vysya Bank in 1980. Three years later, he was elevated to the position of CMD of Vysya Bank.

He was awarded the [[Padmashri]] and Udyog Ratan by the Government of India in 1990, becoming the first banking executive to have received the honour.<ref name="Padma Awards">{{cite web | url=http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf | title=Padma Awards | publisher=Ministry of Home Affairs, Government of India | date=2015 | accessdate=July 21, 2015}}</ref>

==Citations and references==
;Citations
{{reflist}}
;References
*Gupte, V. Yatin (July 2004) ''Impact Analysis: GTB-OBC merger''.[http://www.crisil.com/Ratings/Brochureware/News/GTBOBC_020804.PDF] - accessed 2 November 2014.
*Marcello, Ray (27 July 2004) "RBI directs Global Trust Bank to Merge". ''Financial Times''.[https://archive.today/20150507152923/http://www.ft.com/intl/cms/s/0/89a7dc6e-df6a-11d8-8cc8-00000e2511c8.html%23axzz3Huakn0jl] - accessed 2 November 2014.
*Sridhar, V. (14-27 August 2004) "The Collapse of a bank". ''Frontline'', Vol. 21, #17.[http://www.frontline.in/navigation/?type=static&page=flonnet&rdurl=fl2117/stories/20040827003502800.htm] - accessed 2 November 2014.

{{Padma Shri Award Recipients in Trade & Industry}}

{{DEFAULTSORT:Gelli, Ramesh}}
[[Category:Year of birth missing (living people)]]
[[Category:Living people]]
[[Category:Indian bankers]]
[[Category:Asian Institute of Management alumni]]
[[Category:Recipients of the Padma Shri in trade and industry]]

Ramesh Gelli - Revision history

UpdateBot: robot: Update article (please report if you notice any mistake or error in this edit)

imported>John of Reading: Typo/general fixes, replaced: TImes → Times