Category Press Releases

The Guyana Association of Bankers (GABI) is pleased to announce our 2024-2025 Committee, Chairman Mr. Stephen Grell, Vice Chair Mrs. Nafeeza Gaffoor and Treasurer Mr. Dowlat Parbhu.

Happy 54th Republic Anniversary! Wishing all joy, prosperity and success.

We offer our thoughts and prayers to our heroes, our fellow countrymen who lost their lives & our deepest condolences to their loved ones.

#EmancipationDay #Freedom #Equality #gabi #Guyana

Arun Gupta, who served as Managing Director for Bank of Baroda Guyana since October 2016, has completed his tenure in Guyana and has returned to India. He is succeeded by Anand Kumar. Click on the link to read more about Mr. Kumar: https://gabigy.org/about-gabi/board-of-directors/

Mr. Gupta was a Director on the Board of GABI, and will be warmly remembered for his service.  

Mr. Gupta, a career banker, held senior roles over 22 years at Bank of Baroda. From 1999-2009, he headed various branches across India. He also held the position of Senior Planning Manager of the Bank’s Zonal & Regional Office in Uttar Pradesh, India. For a four-year tenure, Mr. Gupta was an Internal Auditor for Baroda’s branches. 

Mr. Gupta is a member of the Indian Institute of Banking & Finance as well as the Association of Certified Anti Money Laundering Specialists, Florida. He holds an MBA from ICFAI University, Uttarakhand, India.

Guyana has lost a true icon in the passing of Dr. Yesu Persaud, 93, a most influential industrialist and pioneer. Guyana and the wider Caribbean would be hard pressed to find another with Dr. Persaud’s vision, accomplishments, and passion for development.

Dr. Persaud was Chairman of Demerara Distillers Limited (DDL) for nearly four decades. The transformation of that company into a modern distillery world-renowned for its famous “El Dorado” brand is credited to Dr. Persaud’s bold leadership. His management style, work ethic, and decisive leadership will be emulated by business executives for decades to come.

He was a true business pioneer, often seeing opportunities where others didn’t. He conceived a private bank during the 1960s, and several decades later, this vision became Demerara Bank Limited (DBL) which was opened in 1994 to expand loans to the private sector in a newly liberalized Guyana. Dr. Persaud served as the bank’s Chairman until his passing. Trust Company Guyana Limited (TCGL), a former subsidiary of the Royal Bank of Canada, was bought by a group of business leaders in 1984 which included Dr. Persaud. He remained a director of Trust Company until his passing. Demerara Bank Limited and Trust Company Guyana Limited are members of Guyana Association of Bankers.

Dr. Persaud’s influence in the financial sector also included the founding of the Institute for Private Enterprise Development (IPED), a micro-finance agency formed to assist micro and small enterprises. The Guyana Association of Bankers extends condolences to the family and friends of Dr. Persaud, as well as the management and staff of DDL, DBL, TCGL and IPED.