OBC to screen GTB staff for role in scam

However, OBC is scrutinising these resignations to find out if any of these employees have any connection with the fraudulent practices in the Global Trust Bank.

"We have not accepted the resignations of some 200 employees of Global Trust Bank, who have offered to quit. OBC will scrutinise all these cases carefully to verify whether they have any role in the frauds that were committed in GTB. The resignations of those who are found to have been responsible for frauds, will not be accepted," Homai Daruwalla, executive director, Oriental Bank of Commerce, said in Ahmedabad.

Meanwhile, OBC has initiated the process of recovering dues from landlords of the erstwhile GTB, which was merged into OBC in August last year. Interest free deposits worth crores of rupees were given to owners of premises in which GTB branches functioned.

Sources said that interest free deposits worth Rs 60 crore were given by the GTB management to these landlords.

"According to RBI guidelines, the landlords cannot take more than six months' rent of premises in which banks function. We have asked them to refund the remaining amount to the bank," said a source close to OBC.

Commenting on the resignations of employees, OBC ED Daruwalla said that GTB employees enjoyed a far higher salary than OBC employees, to the extent that a few employees of GTB enjoyed higher salaries than the OBC chairman and managing director or the executive director.

"OBC has also not renewed the contract of Sudhakar Gande and he now stands suspended," said Daruwalla.