Travancore Bank Case Study

Travancore Bank Ltd. has come a long way from being a bank started by the Diwan of Travancore, C.P. Ramaswami Iyer in 1945. Headquartered at Thiruvananthapuram, it was a premier bank of Kerala and undertook general banking business in addition to the government treasury work and foreign exchanges business. It achieved the name ‘State Bank of Travancore’ after it became a subsidiary of the State Bank of India (SBI) in 1960 under the SBI Subsidiary Banks Act, 1959. On 31st March 2017, it merged with the State Bank of India. Before the merger, State Bank of Travancore had a network of over 1100 branches and 1600 ATMs.

State Bank of Travancore (SBT) is one of the popular public sector banks in India. It acquired Indo-Mercantile Bank (1959), Travancore Forward Bank (1961), Kottayam Orient Bank (1961), Bank of New India (1961), Vasudeva Vilasam Bank (1963), Cochin Nayar Bank (1964), Latin Christian Bank (1964), Champakulam Catholic Bank (1964), Bank of Alwaye (1965), and
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Some of the major products and services offered by the State Bank of Travancore (SBT) are briefly discussed …show more content…
You can avail the SBT Housing Loan to purchase land, build a property, renovate or repair your home. You can repay the loan over a maximum of 30 years. If you want to repay the loan before the loan tenure ends, you can easily do so without the need to pay any penalty since SBT does not levy any prepayment charges on the housing loan. The maximum loan amount is Rs. 3 crore. Women can enjoye lower interest rates as compared to men when it comes to the State Bank of Travancore home loan. This loan is a part of the State Bank Rewardz Points

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