State Bank of Travancore

http://statebankoftravancore.com/home.htm

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 777 branches. Overall, SBT has a network of over 1036 branches spread over 16 Indian states.

State Bank of Travancore (SBT) has poised three milestones during the financial year 2012-13.
1. SBT has surpassed the total business of Rs.1,50,000 crore
2. SBT has opened its 1000 th office on 26th May, 2012 by opening its Gold Point Branch at Palakkad.
3. SBT has opened its 1000 th Branch at Kottakkal NRI on 30th March, 2013.
State Bank of Travancore posted an operating profit of Rs.1,351 crore compared to Rs. 1,249 crore achieved during the last year. NetInterest Income grew from Rs.1,898 crore during 2011-12 to Rs. 2,128 croreregistered a growth percentage of 12.12%. Total income in the year 2012 – 13stood at Rs 9,287.86 crore from Rs 7,477.04 crore posted during 2011 – 12thereby marking a growth of 24.22 per cent. The Total expenditure of the Bank,excluding provisions and contingencies, stand at Rs 7,936.85.crore compared to Rs.6,228.25 crore in the previous year..
The Net Profit after provisions towards staff, NPA and income tax has gone up by 20.49% and is at Rs.615.04 crore compared to Rs.510.46 crore registered as at end of the previous year. The Operating Profit for the fourth quarter was higher by 11.97% at Rs.385.40 crore against Rs 344.21 crore in the same quarter last year. The Net Profit for the quarter is Rs.165.98 crore against Rs 153.04 crore in the same quarter last year.The performance of the Bank for the fiscal 2012 – 13 was taken on record by the Board of Directors of the Bank at a meeting held at Mumbai on the 26th April 2013.