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Global
Trust Bank eyes small businesses, launches Vyapaar
Our
Banking Bureau
18 February 2003
 Hyderabad:
Global Trust Bank (GTB) has announced the launch of
Vyapaar, a special current account targeted at small businesses.
The bank says the product is designed to meet the needs
of retail outlets, distributions and clearing and forwarding
agents.
 According
to GTB, a Vyapaar customer gets to remit up to Rs 2.5
crore per month absolutely free by way of demand drafts,
payable at par cheques and anywhere funds transfer facilities,
thus saving up to Rs 6 lakh per annum. Other facilities
include cheque and cash deposits and withdrawal facilities
from any of the bank’s 102 branches across 33 cities
in India.
GTB
retail banking vice-president V A Varghese says: “Vyapaar
has been developed after careful analysis of the needs
of typical small businesses with a turnover of Rs 25 lakh
to Rs 50 lakh per  year.
Vyapaar meets all banking needs of the specific business
segment and results in huge costs saving for the customer.
We are hopeful of a very positive response.”
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Trust Bank
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