The State Bank of Travancore (SBT) came into existence as Travancore Bank Ltd. in 1945. It was sponsored by the former Princely State of Travancore, Kerala. Apart from conducting general banking business, the Bank undertook government treasury work and foreign exchange business. Travancore Bank Ltd. was made as a subsidiary of the State Bank of India in 1960 and a member of the State Bank Group, under the SBI subsidiary Banks Act 1959, under the special statute of the Parliament of India. SBT is now one of the most prominent nationalized banks of India.
State Bank of Travancore continues to provide dedicated services to its customers, since 60 years of its establishment. The Bank boasts of using world class technology through the implementation of 100% Core Banking Solution (CBS). The 24 hours working exchange bureau of the Bank is located in Calicut, while its 8am-8pm branches are established in Kesavadasapuram (Trivandrum), Thrissur, Kaloor (Ernakulam) and Alwarpet (Chennai). According to the recent records, the total business of SBT, recorded is Rs. 66644 Crores and its NRI business of Rs.8755 Crores.
Apart from commercial banking, SBT has also shown its active participation in social development, by offering credit to the priority sectors and the special schemes announced by the Government. SBT has lent as much as 40% of net bank credit to the priority sectors. The Bank plays a developmental role, by meeting the need-based requirements of the small scale industry, agriculture and small business. The branches of SBT located in the rural and semi-urban areas of the country have been catering to the needs of farmers.
Branches And ATM Services
State Bank of Travancore marks its national presence in India, with a network of its 712 branches spread over 16 states of the country, out of which 580 branches are located in Kerala. The Bank boasts of providing easy access to money to its customers through its 389 ATMs throughout the country, with the largest ATM network in its home state. It is also a member of the largest ATM network in the country. In conjunction with the State Bank Group, SBT has introduced debit cards, enabled with Maestro and Cirrus. |
