State Bank of Travancore

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State Bank of Travancore
स्टेट बैंक ऑफ़ त्रावणकोर
സ്റ്റേറ്റ് ബാങ്ക് ഓഫ് ട്രാവൻകൂർ
Public
Traded as NSESBT
BSE532191
Industry Banking
Capital Markets and
allied industries
Founded Trivandrum, 12 September 1945 (as Travancore Bank Ltd)
Headquarters Poojappura, Thiruvananthapuram, India
Number of locations
1,157 Branches, 12 Extension counters and 1,602 ATM Counters
Products Investment Banking, Consumer Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management, Pensions, Mortgages.
Number of employees
13,775 (2015)
Slogan A Long Tradition of Trust

State Bank of Travancore (SBT), is a subsidiary of the State Bank Group, but also has private share-holders. It is the premier bank of Kerala, where it handles the majority of its business. Overall, SBT as of March 31, 2015 has a network of 1,157 branches and 1,602 ATMs, covering 18 states and three union territories.

As of March 31, 2015, SBT has a total business of ₹1.61 lakh crore (US$25.23 billion), comprising total deposits of ₹91,077 crore (US$14.29 billion) and gross advances of ₹69,907 crore (US$10.96 billion).

The bank has reported a net profit of nearly ₹192 crore(US$30.12 million) in the fourth quarter of the fiscal year 2014-15, compared with ₹48.6 crore(US$7.62 million) a year ago, registering a growth of 295%. For the full fiscal year 2014-15, profit came in at ₹336 crore, against ₹304 crore a year ago.[1]

History[edit]

SBT was established in 1945 as the Travancore Bank Ltd, at the initiative of Travancore Divan C. P. Ramaswami Iyer. Following popular resentment against his dictatorial rule, the bank no longer credits his role. Instead, the Bank now considers the Maharaja of Travancore as the founder, though the king 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.[citation needed]

Between 1959 and 1965, SBT acquired numerous small, private banks in Kerala.[2]

Board of Directors[edit]

Current Board of Directors [4] are :

  • Ms. Arundhati Bhattacharya - Chairman (ex-officio)
  • Mr. C.R.Sasikumar- Managing Director
  • Dr. J. Sadakkadulla - Director
  • Mr. V.G. Kannan - Director
  • Mr. Neeraj Vyas - Director
  • Mr. Vijay Kumar Monga - Director
  • Mr. Ravi Nandan Sahay - Director
  • Mr. V. Kaliappan - Director
  • Mr. P. V. Prasad - Director
  • Mr. M. C. Jacob - Director
  • Mr. Sajen Peter - Director
  • Mr. Anshuman Sharma - Director

See also[edit]

References[edit]

[5]

http://statebankoftravancore.com/new/PressRelease2012-13.pdf

External links[edit]