1945 - The Bank was Incorporated at Travancore. The Bank transacts
general banking business of every description including foreign
exchange business. The Bank also undertakes Government treasury
1960 - The Bank became a subsidiary of the State Bank of India under the
State Bank of India (Subsidiary Banks) Act, 1959.
1961 - Three banking companies, namely The Travancore Forward Bank Ltd.
The Kottayam Orient Bank Ltd., and the Bank of New India Ltd.,
which were under moratorium from 18th December, 1960, were
amalgamated with the Bank under schemes of amalgamation prepared
by the Reserve Bank of India.
- The Cochin Nayar Bank Ltd., and the Latin Christian Bank Ltd.,
which were under moratorium from 13th October, 1963 and 23rd
February 1964 respectively were amalgamated with the Bank with
effect from 8th February and 17th August, 1964 respectively.
1965 - The Bank commenced conducting government cash business. The Bank
assists in the development of small scale units and co-operative
institutions. The Bank also extends credit facilities to the
users of warehouses set up by the Central and State Warehousing
Corporations in its area of operation.
1985 - 3,00,000 No. of equity shares issued at par to State Bank of
1991 - 16,00,000 No. of equity shares issued to State Bank of India.
1992 - To extend more personalized and effective services to the NRIs,
the bank created the NRI division/cells in 24 branches and
proposed to open four specialised branches for NRI business in
- A Branch Health Card was also introduced during the year in order
to assess, monitor and take corrective action of various aspects
of branch functioning as well as supervision by the Controllers.
1995 - 15,00,000 No. of equity shares issued on Rights basis at a prem.
of Rs 450 per share.
1996 - The Bank's Rights Issue of Equity shares of Rs.100 each at a
premium of Rs.450 per share aggregating to Rs.82.50 crores
opened for subscription on the 7th February 1996 and closed
on the 7th March.
- The Bonds issue opened for subscription on the 15th January
and closed on the 27th March. As against the issue size of
1997 - The Bank launched 'Liquid Gold' a new loan product against
security of gold to meet the needs of customers in the personal
as well as trading segments and to impart liquidity to their
savings locked up in the form of gold.
- Another new concept, loan scheme viz. 'Homestead Farming' was
launched for farmers taking into accounts the small and medium
holding pattern in Kerala.
- The Bank also launched 'Nava Swarna Vaisha', a modified version
of the bank's insurance linked deposit scheme 'Saptha Varsha'
that enables depositor to avail exception from capital gain tax.
A few other deposit/loan schemes were also to be introduced
- Six new branches were opened taking the total branch network to
660. As at the end of March 1998, the bank had 12 pending
licences/authorisation for opening of new branches/offices. The
Bank's hompage on internet was launched.
- 15,00,000 No. of equity shares issued through a prospectus at a
prem. of 500 per share. Of these 3,46,000 shares were issued and
allotted to SBI. Balance 11,54,000 shares issued to the public.
- State Bank of Travancore has entered into a second arrangement
with City Exchange LIC in Dubai for special drawing facilities
to improve the coverage of the large Gulf NRI clientele from
- The Bangalore-based Sonata Software Ltd has developed two
Internet commerce modules, Web Alert and Web Trader for State
Bank of Travancore (SBT) on their SBT accounting systems.
- The bank had earlier become the first Kerala-based bank to
undertake the management of an exchange company in West Asia,
when it started the City Exchange Company, LLC in Dubai earlier
this year. Bank sources said the incremental credit-deposit
ratio for SBT in Kerala stood at over 60 per cent.
- The Rs 130-crore Asianet Communications Limited, the only
Malaysian television channel, is all set to make a major foray
into value-added services to meet the challenges posed by the
proposed direct-to-home (DTH) services and other developments
in communications technology.
- In the first phase, Asianet is tying up with the State Bank of
Travancore (SBT) for providing interconnectivity to all its
branches through its cable network.
- State Bank of Travancore (SBT) is the second SBI associate bank
to hit the primary market with a Rs. 90-crore issue a week
after the closing of the State Bank of Bikaner and Jaipur
(SBBJ) Rs.65.94-crore issue.
- The bank is a member of the SWIFT which enables satellite
connectivity of its zonal offices and main branches.
- State Bank of Travancore (SBT), a subsidiary of State Bank of
India, has been granted autonomy by the Union Government. Two
other subsidiaries of SBI -- State Bank of Patiala and State
Bank of Bikaner and Jaipur -- have also been accorded autonomy
- Asianet has entered into a strategic tie-up with the
Dubai-based World of Stars Advertising (WoSA).
1998 - State Bank of Travancore and State Bank of Bikaner and Jaipur
shares' dematerialisation is facing a roadblock as a State Bank
of India (Subsidiaries Banks) Act, 1959, clause says that no
person can acquire shares in excess of 200 units in any of the
- The Bank launched new products tailored to meet the differing
needs of various customers.
- 'Liquid Gold', a new loan product (against the security of gold),
was launched to meet the needs of customers in the Personal as
well as Trading segments and impart liquidity to their savings
locked up in the form of gold.
- 'Homestead Farming', a new composite loan scheme for farmers
taking into account the small land holding pattern in Kerala, was
- 'Nava Swarna Varsha', a modified version of our insurance linked
- 'Saptha Varsha', which enables the depositor to avail exemption
from Capital Gains Tax were also introduced in the market during
- The Bank's maiden Public Issue of 11,54,000 equity shares of Rs.
100 each at a premium of Rs. 500 per share.
1999 - The State Bank of Travancore (SBT) has launched a 'kissan credit
card' scheme aimed at catering to the short-term credit
requirements of farmers.
- State Bank of Travancore (SBT) in coming out with a welfare
scheme for non-resident Indians from Kerala in association with
United India Insurance Co. Ltd. The scheme provides personal
accident cover for NRIs as well as health cover for their family
members. Parents can all also be covered under the same policy.
- State Bank of Travancore (SBT) has slapped a legal notice on the
beleaguered Essar Steel for non-payment of dues to the tune of Rs
2.88 crore even as the new generation steel major hoping for a
last-minute bailout by financial institutions on its $250 million
floating rate notes (FRN) due for redemption on July 20.
- STATE Bank of Travancore (SBT) has introduced an education loan
scheme, Gyan Jyothi, for students pursuing higher education in
recognised institutions in India and abroad.
- STATE Bank of Travancore which entered into a tie-up with Al
Fardan Exchange in Abu Dhabi, to offer speedy remittances in both
rupees and dollars, plans to attract more deposits by widening
correspondent arrangements with exchange houses and banks in the
- State Bank of Travancore (SBT) has opened its millennium branch
at Kumaranaloor in Kottayam district.
- The Bank launched SUPER SURPLUS - A recurring deposit scheme that
offers flexibility to depositors to vary their amount of monthly
instalments in accordance with monthly surplus available.
- THE 786 SCHEME - A new Deposit Scheme for those discerning
customers who do not wish to earn interest on their deposits.
- SAHAYA VARSHA - Clean demand loan facility for meeting the short term personal requirements of customers repayable within 36
- MITRA VARSHA - An overdraft scheme available to individuals to
avail a single advance against a basket of securities like gold,
NSCs, KVPs, IVPs, Units of US 64 of UTI, LIC Policies etc.
- KISAN CARD - A running Agricultural Cash Credit facility to meet
the short term requirements of farmers with provision for meeting
their family's contingent needs to a limited extent.
- NRI FAMILY WELFARE SCHEME - A unique and innovative insurance
scheme for personal accident cover for NRIs and medical expenses
cover for their families upto 6 persons including parents.
- CITY FLASH - A Telex/Fax Fund transfer arrangement with City
Exchange LLC., Dubai, guaranteeing credit to the customers'
account within 24/48 hrs., in 60 selected branches.
- The Bank has also joined the RBI VSAT network, 'INFINET' by
subscribing to two VSATs initially.
- The Bank has been honoured with 'Sevaratna' Award instituted by
the Indo Arab Confederation Council and NRI Welfare Committee,
for providing excellent customer service.
2000 - State Bank of Travancore launched Net Banking.
- Mr. P.N. Venkatachalam, deputy managing director of State Bank of
India, has taken over as managing director of State Bank of
Travancore from Mr. Vepa Kamesan, former managing director of the
- The Bank has entered into a remittance arrangement with Al Rajhi Banking
and Investment Corporation of Saudi Arabia.
2001 - State Bank of Travancore is likely to accept all the voluntary retirement scheme
applications it received.
- The Bank proposes to introduce high-tech mobile banking facility for the bank's
2002-Amitabha Guha appointed as Managing Director of State Bank of Travancore.
-SBT slashes deposit rates on FCNR deposits on US dollar, pound sterling and Euro.
-P V Shivasankara Pillai is the new officer Employee Director on the Board of the
-State Bank of Travancore (SBT) has launched a new personal loan scheme for the employees of institutions and companies. Under the scheme, namely Akshaya, rated institutions and companies such as universities, Maruti Udyog Ltd, Kochi Refineries, Kerala Minerals and Metals Ltd, Travancore Titanium Products and Cochin Shipyard can get into an agreement with SBT to enable their employees avail themselves of loans from the bank.
-The State Bank of Travancore and Cochin University of Science and Technology has entered into an agreement to implement the new SBT Akshaya Overdraft Scheme for the benefit of CUSAT employees. As per the scheme, employees can avail themselves of loans ranging from Rs 50,000 to Rs 2 lakh depending upon their eligibility.
- Maithri, the house journal from State Bank of Travancore (SBT) has been adjudged the 'best journal devoted to women' by the Public Relations Society of India (PRSI)
-SBT 's SSI (Small Scale Industry sector) branches at Thiruvananthapuram, Thrissur and Alappuzha, and the non-resident Indian branch at Attingal have received the ISO 9001:2000 recognition.
- State Bank of Travancore has launched a special loan scheme for the purchase of tractors. Called the 'tractor special loan scheme', the initiative is targeted at farmers, non-governmental organisations, agro-business centres and so on.
-State Bank of Travancore (SBT) has unveiled a loan scheme for the benefit of nurses seeking employment abroad. Under the 'SBT nurses suvidha scheme', loans are available to meet the expenses for migration abroad, registration, test and interview, agency commission, visa charges and airfare.
-The State Bank of Travancore has opened its cross-selling department at SBT Bhavan in Kochi
- Mr K.K. Chattopadhyay new General Manager of Commercial, Institutional and International Banking wing.
-State Bank of Travancore has launched a housing loan scheme for employees of the Kerala State Electricity Board (KSEB)
-State Bank of Travancore (SBT) has launched a new 'Bhavanasree' rural housing loan scheme for those below the poverty line
-G Damodaran has joined State Bank of Travancore (SBT) as the General Manager in charge of the Vigilance & Inspection Wing
-BAL ties up with State Bank of Travancore
-SBT launches RTGS services to customers
-SBT wins national award for lending to SSI sector
-SBT introduces new gold card scheme for exporters
-SBT unveils new scheme for senior citizens
-SBT inks pact with Punjab Tractors on Jan 18, 2005
-SBT ties up with UAE Exchange Centre
-State Bank of Travancore unveils Malayalam website
-SBT launches new loan scheme for road transport operators on April 26, 2005
-SBT join hands with Almoayyed for exchange house in Bahrain
-State Bank of Travancore has bagged national award instituted by the Ministry of Small Scale Industries for excellence in lending to the small-scale industries sector
-State Bank of Travancore (SBT) launches an all-India toll-free infoline (1600 425 5566) here on Nov 11. To be 'live' 8 a.m. through 8 p.m. seven days a week
-SBT appoints Sitaramam as new MD
-Thiruvananthapuram: State Bank of Travancore (SBT) has inked a memorandum of understanding with Crisil for rating of small and medium enterprises. As per the MoU, Crisil will give rating services to the clients of SBT at a concessional fee.
- State Bank of Travancore has set up an extension counter with core banking facilities at Malikappuram Buildings in Sabarimala.
- The Company has splits its face value from Rs100/- to Rs10/-.
- State Bank of Travancore (SBT) has announced the opening of its branch at Kukatpally, whixh is the seventh of SBT in Andhra Pradesh.
- The State Bank of Travancore (SBT) has slashed interest rates on various agricultural loans for the period of 16th September to 31st March next to help the farmers in view of the weak monsoon.