State Bank of Travancore
|Type||Public (BSE, NSE:SBT)|
Capital Markets and
|Founded||Trivandrum, 12 September 1945 (as Travancore Bank Ltd)|
|Headquarters||Poojappura, Thiruvananthapuram, India|
|Key people||Shri.Jeevandas Narayan (Managing Director)|
|Products||Investment Banking, Consumer Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management, Pensions, Mortgages.|
State Bank of Travancore (SBT), is a subsidiary of the State Bank Group and also has private share-holders. It is the premier bank of Kerala, India, where it has 777 branches. Overall, SBT has a network of over 1036 branches spread over 16 Indian states.
State Bank of Travancore (SBT) has poised three milestones during the financial year 2012-13.
1. SBT has surpassed the total business of Rs.1,50,000 crore
2. SBT has opened its 1000 th office on 26 May 2012 by opening its Gold Point Branch at Palakkad.
3. SBT has opened its 1000 th Branch at Kottakkal NRI on 30 March 2013.
State Bank of Travancore posted an operating profit of Rs.1,351 crore compared to Rs. 1,249 crore achieved during the last year. NetInterest Income grew from Rs.1,898 crore during 2011-12 to Rs. 2,128 croreregistered a growth percentage of 12.12%. Total income in the year 2012 – 13stood at Rs 9,287.86 crore from Rs 7,477.04 crore posted during 2011 – 12thereby marking a growth of 24.22 per cent. The Total expenditure of the Bank,excluding provisions and contingencies, stand at Rs 7,936.85.crore compared to Rs.6,228.25 crore in the previous year..
The Net Profit after provisions towards staff, NPA and income tax has gone up by 20.49% and is at Rs.615.04 crore compared to Rs.510.46 crore registered as at end of the previous year. The Operating Profit for the fourth quarter was higher by 11.97% at Rs.385.40 crore against Rs 344.21 crore in the same quarter last year. The Net Profit for the quarter is Rs.165.98 crore against Rs 153.04 crore in the same quarter last year.The performance of the Bank for the fiscal 2012 – 13 was taken on record by the Board of Directors of the Bank at a meeting held at Mumbai on the 26th April 2013.
The Net Interest Margin (NIM) declined from 2.76.% during 2011 – 12 to 2.56% as at the end of this fiscal 2012 -13. Return on Equity is at 15.54.%, and the Return on Assets stood at 0.66.%. A dividend of Rs.20 per share for a face value of Rs.10 was declared. The Earnings per share improved to Rs. 123.01 from Rs.102.09 as at the end of the corresponding period last year. The Book Value per share stood at Rs. 797.46. against Rs. 749.76 a year ago. The overall business turnover of the Bank registered a growth of 19.94 percent and stood at Rs.1,52,108 crore as against Rs. 1,26,816 crore during last year with Deposits accounting for Rs.84,624 crore (Rs.71,470 crore) and Advances Rs.67,484 crore (Rs. 55,346 crore). Priority sector advances grew by 20.16 per cent to Rs.24378.14 crore from Rs.20,287 crore last year. The share of Priority sector lending was comfortable at 43.50% of the Adjusted Net Bank Credit as at March 2013 against the stipulated benchmark of 40%.. The Agriculture Advances under this segment improved to Rs.10,330 crore from Rs.8,902 crore thus registering 15.31% of total advances. at the end of previous year. The Bank has surpassed the benchmark level of 18% under Agriculture sector and actual achievement was 18.43% of ANBC. The Bank achieved the Bench Mark successfully. The percentage of Gross NPAs to Gross Advances stood at 2.56% as on 31 March 2013 with the Gross NPA level at Rs.1,749.88 crore. The percentage of Net NPA to Net advances stood at 1.46% ason 31 March 2013. The Bank’s Provision Coverage Ratiostood at 62.03%. . The Capital Adequacy Ratio under Basel-II framework as on 31/03/2013 is 11.70% against a minimum of 9% stipulated by RBI.The Tier-I CRAR as on 31/03/2012 is at 8.46%.
State Bank of Travancore (SBT) received NATIONAL AWARD FOR EXCELLENCE IN MSME LENDING and NATIONAL AWARD FOR EXCELLENCE IN LENDING TO MICRO ENTERPRISES for the year 2011 – 12.
The Bank opened 134 new branches during the financial year,taking the total number of branches to 1013. Bank has 758 branches in the state of Kerala which is 75% of Bank’s total network. The Bank has plans to open about 200 branches to take its network to 1200 during the current year.Alternative channel reach was also expanded further; by installing 36 new ATMs during the financial year, taking the total ATMs to 965. A new Zonal office has been opened in Kollam taking the total number of Zonal Offices to seven. The branches under Kollam and Alappuzha districts are under the control of this Zone. The Bank has also opened a Platinum Point Personal segment branch at Banjara Hills, Hyderabad.The Bank has also opened 21 Specialised Gold Point Branches covering 14 districts in Kerala and one in Kanyakumari district of Tamil Nadu to facilitate speedy and easy disbursement of Gold Loans for the customers.
Bank also propose to open a new Zonal Office at Bangaluru. The Bangaluru Zonal Office will have jurisdiction of branches in Karnataka, Andhra Pradesh and Orissa States.Five more Regional Offices are proposed at Hyderabad,Madurai, Pala,Kottarakara and a second Regional Office at Kannur.
RSETIs are functioning at Wayanad, Pathanamthitta,Alappuzha, and Kottayam for providing skill upgradation training to the rural youth with focus on BPL category. The four institutes had trained 15,582 beneficiaries since inception and 87% of the people are women beneficiaries and majority of the trainees are reported to be successful in starting self-employment ventures. Out of 10,363 beneficiaries contacted as follow up, 7803 were well settled. The important courses includes beautician, electrical wiring,ornaments manufacturing, tally accounting, Computer hardware servicing,aluminum fabrication, kitchen gardening, mushroom cultivation with vegetable growing, mural painting etc.
The Bank has opened over 1.71 Million Basic Savings Bank Deposit accounts (Janapriya accounts). 90% of the 1.71 million accounts were opened in the state of Kerala. We have also linked ‘Aadhar” numbers to 1.80 lac accounts covering 35 villages having a population over 2000 which have been allotted to the Bank for providing basic banking services through BF/BC(Business Facilitator/ Business Correspondents) route or by opening branches.Bank has provided Basic banking in these villages through the BF/BC route except in Perumanna and Mayyil village in Kerala, where new branches wereopened. Bank has opened five branches in the FI village in Kerala and onebranch in Tamil Nadu. They are Perumanna, Mayyil, Nellikuzhy, Kumarampathur,Vadavannur and Lingampatti. In the second phase of FI the Bank will be providing Basic Banking Services in an additional 14 FI Villages allotted to the Bank in Tamil Nadu. Our FI Project is called SAHAYA HASTHAM which is veryapt as our bank always prides itself in lending a helping hand to the rural poor. Opened 28,861 customer accounts in 35 FI villages and a total of 21,608 Smart Cards issued in these 33 FI villages where BCs are functioning· Bank has become a partner of the Aadhar based payment system or Aadhar Bridge National Payments Corporation of India(NPCI) and also a member of the National Automated Clearing House of NPCI. The Bank processes DBT payments through NACH of NPCI.· Bank also process payments for Controller General of Accounts under CPSMS system and plan to set up a separate DBT processing centre shortly. All branches are opening accounts for the beneficiaries of the DBT and also facilitating their Aadhar number linking.·
The bank was established in 1945 as the Travancore bank Ltd, at the initiative of C. P. Ramaswami Iyer, then Divan of Travancore. Following violent resentment against the dictatorial rule of Sir. C.P.Ramaswamy Iyer, the bank no longer credits his role. Instead, the Bank now credits the Maharaja of Travancore as the founder, though the Raja had little to do with the founding. Although the Travancore government put up only 25% of the capital, the bank undertook government treasury work and foreign exchange business, apart from its general banking business. Its registered office was at Madras. In 1960, it became a subsidiary of State Bank of India under the SBI Subsidiary Banks Act, 1959, enacted by the Parliament of India.
Between 1959 and 1965, SBT acquired numerous small, private banks in Kerala.
- 1959: SBT acquired the assets and liabilities of Indo-Mercantile Bank, which Sri Popatlal Goverdhan Lalan had helped found in Cochin in 1937.
- 1961: SBT acquired Travancore Forward Bank (est. 1929), Kottayam Orient Bank (est. 1926), and Bank of New India (est. 1944) after the Reserve Bank of India put the banks under moratorium.
- 1963: SBT acquired Vasudeva Vilasam Bank (est. 1930).
- 1964: SBT acquired Cochin Nayar Bank (est. 1929) and Latin Christian Bank (est. 1928 in Ernakulam), after the Reserve Bank of India put the banks under moratorium. It also acquired Champakulam Catholic Bank, which had been established in 1929 in Alleppey.
- 1965: SBT acquired Bank of Alwaye (est. 1942), and Chaldean Syrian Bank, which several leading families of Syrian Christian origin had founded in 1918.
- http://www.indiabondwatch.com/backend/bond/PDF/900/CN000836.pdf Private placement of bonds
- M.A. Ooman. 1976. "Rise and Growth of Banking in Kerala". Social Scientist 5 (3), pp. 24-46.
- SBT Peon Result
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