State Bank of Travancore

State Bank of Travancore
Type	Public
Trade As	BSE, NSE:SBT
Industry	Banking Capital Markets and allied industries
Founded	Thiruvanathapuram, 12 Sep 1945 (as Travancore Bank Ltd)
Headquarters	Poojappura, Thiruvananthapuram, India
Key people	Managing Director: Shri.P.Nanda Kumaran.
Products	Investment Banking, Consumer Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management, Pensions, Mortgages.
Website	www.statebankoftravancore.com

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 700 branches. Overall, SBT has a network of over 792 branches spread over 16 Indian states. 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.