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. Gelli set up GTB in 1993 along with Jayant Madhab, a top official of the

Asian Development Bank The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field office ...

. 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 The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for ...

(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 Oriental Bank of Commerce (OBC) was an Indian public sector bank headquartered at Gurgaon, Haryana. It had 2390 branches and 2625 ATMs across India. In April 2020, the bank along with United Bank of India has been merged with Punjab National B ...

by the regulator.Marcello (2004). Gelli is an engineering graduate from

Osmania University Osmania University is a collegiate public state university located in Hyderabad, Telangana, India. Mir Osman Ali Khan, the 7th Nizam of Hyderabad in 1918 , He released a farman to establish OSMANIA UNIVERSITY on the day of 28 August 1918. It ...

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 Bharat Heavy Electricals Limited (BHEL) is an Indian central public sector undertaking. It is under the ownership of Ministry of Heavy Industries, Government of India. It is based in New Delhi, India. Established in 1956, BHEL is India' ...

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 Padma Shri (IAST: ''padma śrī''), also spelled Padma Shree, is the fourth-highest civilian award of the Republic of India, after the Bharat Ratna, the Padma Vibhushan and the Padma Bhushan. Instituted on 2 January 1954, the award is conferred ...

and Udyog Ratan by the Government of India in 1990, becoming the first banking executive to have received the honour.

Citations and references

;Citations ;References *Gupte, V. Yatin (July 2004) ''Impact Analysis: GTB-OBC merger'

- accessed 2 November 2014. *Marcello, Ray (27 July 2004) "RBI directs Global Trust Bank to Merge". ''Financial Times'

- accessed 2 November 2014. *Sridhar, V. (14-27 August 2004) "The Collapse of a bank". ''Frontline'', Vol. 21, #1

- accessed 2 November 2014. {{DEFAULTSORT:Gelli, Ramesh Year of birth missing (living people) Living people Indian bankers Asian Institute of Management alumni Recipients of the Padma Shri in trade and industry