State Bank of Travancore

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About State Bank of Travancore

State Bank of Travancore (SBT), one of the leading Indian banks, is a subsidiary of State Bank of India. Offers a wide array of banking products with a special focus on the state of Kerala and its people, State Bank of Travancore is equipped with fully computerized Core Banking Solutions (CBS). SBT has an extensive network of 726 branches spread across the country. Among those, 584 branches are located in the state of Kerala itself. State Bank of Travancore recorded a total business of ` 66,644 crores in the last financial year, of which, ` 8,755 crores came from NRI business.

State Bank of Travancore offers 130% dividend to shareholders. It also has the largest network of ATM within its home state. SBT also offers various new-age services like Internet Banking, E-Commerce, E-Payments, Fee Payments and Utility Bill Payments etc.

Brief History

State Bank of Travancore was founded in 1945 as the Travancore Bank Ltd. It's the then Divan of Travancore Mr. C. P. Ramaswami Iyer who took the initiative to establish the bank. However, due to the violent bitterness against his directorial rule, the bank doesn't credit his role, and instead often credits the Maharaja of Travancore as the founder. The government of Travancore has only 25% of the capital in the bank. Initially, it had its registered office in Madras (now Chennai). It was the year 1960, when SBT became a subsidiary of State Bank of India.

Mergers / Acquisitions

State Bank of Travancore took over several small and private banks in Kerala during 1959 through 1965. Following are the list of those:

Year Bank
1959 Indo-Mercantile Bank
1961 Travancore Forward Bank
---- Kottayam Orient Bank
---- Bank of New India
1963 Vasudeva Vilasom Bank
1964 Cochin Nayar Bank
---- Latin Christian Bank
1965 Bank of Alwaye
---- Chaldean Syrian Bank


Statistics through the Decades
(` in Lakhs)

Year December 1971 December 1981 March 1991 March 2001 March 2008 March 2009
Deposits 6,449 49,812 245,426 1,157,279 3,535,389 4,204,192
Advances 4,142 29,711 133,348 639,750 2,813,662 3,271,093
Net Profits 8 27 400 9,749 38,611 60,784
Branches 218 475 608 671 710 726
Employees 3,275 8,199 12,172 12,172 11,365 11,365
Offerings

State Bank of Travancore offers a range of banking products and services to its customers. Following services are offered by SBT:

  • Personal Banking
  • NRI Services
  • Business Banking
  • Social & Rural Banking
  • Other Services
Personal Banking

SBT has a range of services in its Personal Banking. Following are the Personal Banking services offered by SBT:

  • Deposit Schemes
    • Savings Bank
    • Current Account
    • Recurring Deposit
    • Variable Deposit
    • Sukanya Deposit
    • Prathibha Deposit
    • Tax Saver Deposit
    • Term Deposit
    • Reinvestment Plan
    • Unit Deposit
  • Janapriya Account
  • Personal Finances
    • Against Deposits
      • Cash Key Facility
    • Gold Loans
      • Conventional
      • Liquid Gold
    • Against Scrips
      • Mitra Varsha/li>
    • Personal Loans
      • Housing Loan
      • Sahaya Varsha
      • Computer Loan
      • Car Loan
      • Two Wheeler Loan
      • HOME CASH
      • Home Décor Loan
      • Education Loan
      • Suvidha Loan
      • Prasanthi Loan
      • Prasanthi Elite
  • Public Provident Fund
  • Reverse Mortgage Loan
  • Asihwaryotsav
    • Home Loan
    • Car Loan
Business Banking

In the Business Banking category, following services are offered by State Bank of Travancore:

  • MSME Financing
  • MSME Care Centre
  • Financing Trade & Services
  • Gold Card for Exporters
  • Debt Restructuring for SME
  • Current A/c – SBT Easy BIZ
NRI Services

State Bank of Travancore offers a host of services for the NRIs. Following are the services that they can avail of:

  • NRI Deposit Schemes
    • Savings Bank Accounts
    • Fixed or Term Deposit Accounts
    • FCNR Accounts
    • RFC Accounts
  • Loans for NRIs
    • Housing Loan
    • Education Loan
    • Car Loan
    • Suvidha – All Purpose Mortgage Loan
  • NIR Care – Insurance
  • Vishwa Yatra Foreign Travel Card
Social & Rural Banking

Following social and rural banking services are offered by SBT:

  • Welfare Measures
  • Agriculture Finance
    • Sbt Kisan Gold Card Scheme
    • Kisan Credit Card Scheme
    • Homestead Farming
    • Purchase Of Land For Agricultural Purposes
    • Scheme For Cultivation Of Medicinal Plants
    • Scheme For Cultivation Of Vanilla
    • SBT Rain Water Harvesting Scheme
    • Advance Against Warehouse Receipt
    • Agri. Loan To Non-Resident Indians
    • Minor Irrigation
    • Farm Mechanization
    • Agriculture Gold Loan
    • Karshaka Suhuruth
    • Venture Capital Loan Schemes
    • Scheme For Agri Clinics And Agri Business Centres
    • Scheme For Development / Strengthening Of Agriculture Marketing Infrastructure, Grading And Standardization
    • Construction / Renovation / Expansion Of Rural Godown
    • Agri Gold Loan For Allied Agricultural Activities
    • Scheme For Modifying Existing Fishing Vessels For Tuna Long Lining
    • Financing Against Warehouse Receipts Issued By NBFC
    • Scheme For Financing Milking Machines
    • Scheme For Financing Of Farmers For Purchase Of New Multi Utility Vehicles For Agri Purposes
  • Micro Finance
Other Services

The other services offered by State Bank of Travancore include the following:

  • Insurance
  • Mutual Fund
  • Credit Card
  • Demat Services
  • Custodial Services
  • International Debit Card
  • Pilgrim Service Center


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