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 to promote social and economic development in Asia. The bank is headquartered in Metro Manila, Philippines and maintains 31 field offices around the world. The bank was establishe ...

. 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 Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Min ...

(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 was merged with Punjab National Bank ...

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

Osmania University Osmania University is a collegiate university, collegiate Public university, public State university (India), state university located in Hyderabad, Telangana, India. Mir Osman Ali Khan, the 7th Nizam of Hyderabad, issued a ''firman'' calling f ...

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 Public Sector Undertakings in India, central public sector undertaking and the largest government-owned electrical/ industrial technology company. It is owned by the Government of Indi ...

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

Padma Shri The Padma Shri (IAST: ''padma śrī'', lit. 'Lotus Honour'), also spelled Padma Shree, is the fourth-highest Indian honours system, civilian award of the Republic of India, after the Bharat Ratna, the Padma Vibhushan and the Padma Bhushan. In ...

and the Udyog Ratan by the

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

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