This article needs additional citations for verification .(May 2015) |
Formerly | Travancore Bank Ltd. |
---|---|
Company type | Public |
NSE: SBT BSE: 532191 | |
Industry | Banking Capital Markets and allied industries |
Founded | 12 September 1945 (as Travancore Bank Ltd.) |
Founder | Chithira Thirunal Balarama Varma |
Defunct | 31 March 2017 |
Fate | Merged with State Bank of India |
Successor | State Bank of India |
Headquarters | Poojappura, Thiruvananthapuram, India |
Number of locations | 1,157 Branches, 12 Extension counters and 1,602 ATM Counters |
Area served | Kerala |
Services | |
Number of employees | 14,069 (2015) |
Parent | State Bank of India |
State Bank of Travancore (SBT) was a major Indian bank headquartered in Thiruvananthapuram, Kerala, and was a major associate of State Bank of India.
SBT was a subsidiary of the State Bank Group, but also had private share-holders. It was the premier bank of Kerala. Overall, As of 31 March 2015, [update] SBT had a network of 1,157 branches and 1,602 ATMs, covering 18 states and three union territories.
On 15 February 2017, the Union Cabinet approved a proposal to merge SBT and four other associate banks with SBI. [1] It finally merged with its parent bank on 31 March 2017.
SBT was established in 1945 as the Travancore Bank Ltd., at the initiative of Travancore Diwan C. P. Ramaswami Iyer. Following popular resentment against his dictatorial rule, the bank never credited his role. Instead, the Bank considered the Maharaja of Travancore Sri Chithira Thirunal Balarama Varma 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 head office was at Thiruvananthapuram. [2] In 1960, it became a subsidiary of State Bank of India under the SBI Subsidiary Banks Act, 1959, enacted by the Parliament of India., [3] and thus achieved the name 'State Bank of Travancore'.
On 15 February 2017, the Union Cabinet approved a proposal to merge SBT and four other associate banks with State Bank of India. [1] It was merged with its parent bank on 31 March 2017.
Between 1959 and 1965, SBT acquired numerous small, private banks in Kerala. [4]
The Kingdom of Travancore, also known as the Kingdom of Thiruvithamkoor or later as Travancore State, was kingdom that lasted from c. 1729 until 1949. It was ruled by the Travancore Royal Family from Padmanabhapuram, and later Thiruvananthapuram. At its zenith, the kingdom covered most of the south of modern-day Kerala and the southernmost part of modern-day Tamil Nadu with the Thachudaya Kaimal's enclave of Irinjalakuda Koodalmanikyam temple in the neighbouring Kingdom of Cochin. However Tangasseri area of Kollam city and Anchuthengu near Attingal in Thiruvananthapuram were parts of British India.
Thiruvananthapuram International Airport, is an international airport that serves Thiruvananthapuram, the capital city of Kerala, India. Established in 1932, it is the first airport in the state of Kerala and the fifth international airport of India, officially declared in 1991. It is the operating base of Air India, Air India Express, IndiGo and SpiceJet. The airport, spread over an area of 800 acres (320 ha), the airport is approximately 3.7 km (2.3 mi) due west from the city centre and the Padmanabhaswamy Temple, 16 km (9.9 mi) from Kovalam beach, 13 km (8.1 mi) from Technopark and 21 km (13 mi) from the under-construction Vizhinjam International Seaport. It shares a visible proximity to Shankumugham Beach making it the nearest airport to a water body in India as it is, just about 0.6 miles away from the Arabian Sea. It is also the southern most international/domestic airport in the Indian subcontinent.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the tenth largest employer in India with nearly 250,000 employees. In 2024, the company’s seat in Forbes Global 2000 was 55.
Bank of Baroda is an Indian government Public sector bank headquartered in Vadodara, Gujarat. It is the second largest public sector bank in India after State Bank of India. Based on 2023 data, it is ranked 586 on the Forbes Global 2000 list.
Sree Padmanabhadasa Sree Chithira Thirunal Balarama Varma, popularly known as Sree Chithira Thirunal, was the last ruling Maharaja of the Indian princely state of Travancore, in southern India until 1949 and later the Titular Maharajah of Travancore until 1991. His reign is known for several notable reforms that have indelible impact on the society and culture of Kerala.
Thodupuzha is a municipality and Taluka in the Idukki district of Kerala, India. It is located 55 km (34.2 mi) west of the district headquarters in Painavu and about 192 km (119.3 mi) north of the state capital Thiruvananthapuram. As per the 2011 Indian census, Thodupuzha has a population of 52,045 people, and a population density of 1,468/km2 (3,800/sq mi).
Travancore–Cochin, officially the United State of Travancore and Cochin and later the State of Travancore–Cochin, was a short-lived state of India. It was formed through the merger of two former kingdoms, Travancore and Cochin on 1 July 1949. Its original capital was Thiruvananthapuram.
State Bank of Hyderabad (SBH) was a regional bank India, with its headquarters at Gunfoundry, Abids, Hyderabad, Telangana. Founded by the 7th Nizam of Hyderabad State, Mir Osman Ali Khan, it is now one of the five associate banks of State Bank of India (SBI) and was one of the nationalised banks in India. It was established on 8 February 1941, as the Hyderabad State Bank. From 1956 until 31 March 2017, it had been the largest associate bank of the SBI. After formation of Telangana in 2014, SBH was the lead bank of the newly created state. The State Bank of Hyderabad was merged with State Bank of India on 1 April 2017.
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791.
Pattom A. Thanu Pillai was an Indian politician and independence activist who served as the 2nd Chief Minister of Kerala from 1960 to 1962. He also served as the Governor of Punjab and Andhra Pradesh.He was considered a central figure in Kerala politics.
The High Court of Kerala is the highest court in the Indian state of Kerala and the Union territory of Lakshadweep. It is located in Kochi. Drawing its powers under Article 226 of the Constitution of India, the High Court has the power to issue directions, orders and writs including the writs of habeas corpus, mandamus, prohibition, quo warranto and certiorari for ensuring the enforcement of the Fundamental Rights guaranteed by the Constitution to citizens or for other specified purposes. The High Court is empowered with original, appellate and revisional jurisdiction in civil as well as criminal matters, and the power to answer references to it under some statutes. The High Court has the superintendence and visitorial jurisdiction over all courts and tribunals of inferior jurisdiction covered under its territorial jurisdiction.
Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kerala. The Bank has 1504+ banking outlets and, 2015+ ATMs/ CDMS spread across different states in India and overseas representative offices at Abu Dhabi and Dubai.
SBI Kerala Football Team was a professional football club based in Thiruvananthapuram, Kerala that represented and was owned by the State Bank of Travancore (SBT). It last competed in the Kerala Premier League. The club until its seizure was most successful in the Kerala Premier League history, winning the title record six times and finishing as runners-up on 5 occasions. The club has also won the National Football League Second Division twice, and became the first club from the city of Thiruvananthapuram to play in the top division of Indian football.
Palai Central Bank was a commercial bank headquartered in Kerala, South India that operated between the early 1900s and 1960. Although it was started in a small, remote city, the bank grew to become not only the largest bank, but the largest institution in Kerala, after the state government, and the 17th largest among the 94 scheduled banks in India. The Kerala High Court in 1960 ordered the liquidation of the Palai Central Bank on a petition from the Reserve Bank of India.
Banking was one of the most preferred lines of business in the princely states of Travancore and Cochin, and the Malabar Province of British India — the area that later became the state of Kerala — during the twentieth century. A list of some of the banks that operated in the region during the twentieth century are given below. Due to various reasons, most of them were either closed or amalgamated with other banks, leaving only a handful now.
Lord Krishna Bank was a private sector bank headquartered at Kodungallur, in Thrissur District of Kerala state in India. The bank was founded in 1940. The bank was founded by Sri. Narayana Prabhu at Kodungallur. In the 1960s, it acquired three commercial banks:
Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India. The shares of these government-owned-banks are listed on stock exchanges. Their main objective is social welfare.
C. R. Iyyunni was an Indian National Congress politician from Thrissur, Kerala. He was a member of Parliament for Travancore-Cochin from 1952 to 1957.
Kerala State Co-operative Bank Limited, branded as Kerala Bank, is an Indian co-operative bank set up by the Government of Kerala, India.