State Bank of Travancore Ltd.

YEAR                                                          EVENTS
 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
        work.
 
 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
        India.
 
 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
        the state.
 
      - 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
        Rs.100 crores. 
 
 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
        during 1998-99.
 
      - 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
        Kerala.
 
      - 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
        status.
 
      - 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
        bank's subsidiaries.
 
      - 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
        also launched.
 
      - Nava Swarna Varsha, a modified version of our insurance
 linked
        deposit scheme.
 
      - Saptha Varsha, which enables the depositor to avail exemption
        from Capital Gains Tax were also introduced in the market
 during
        1997-98.
 
      - 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
        Gulf.
 
      - 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
        months.
 
      - 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
               bank.
 
            - 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
              on-line customers.
 
 2002-Amitabha Guha appointed as Managing Director of State Bank of
 Travancore.
 
 2003
 
 -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 
 company.
 
 2004
 
 -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.
 
 
 2004
 
 - 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
 
 2005
 
 -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
 
 2006
 
 -SBT appoints Sitaramam as new MD
 
 2008
 
 -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/-.
 
 2009
 
 - 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.
 
 2010
 
 -Smt. Jameela Prakasam has been appointed as Compliance Officer of
 the bank.
 
 -State Bank of Travancore (SBT) has signed a memorandum of
 understanding (MoU) with the Unique Identification Authority of India
 (UIDAI) and thus becomes the first bank in Kerala to be a registrar
 for the Aadhaar project.
 
 2011
 
 -Shri Pratip Chaudhuri has been appointed as Chairman of the bank.
 
 -State Bank of Travancore has declared a final dividend of Rs 10 per
 share.
 
 2012
 
 -State Bank of Travancore has declared a final dividend of Rs. 2/-
 per share n addition to the interim dividend of Rs. 16/- per share
 
 2013
 
 -  Shri Jitendar Kumar Mehna, Under Secretary, Department of
 Financial Services, Ministry of Finance, New Delhi has been appointed
 as a Director on the Board of Directors of the Bank.
 
 - The Company has declared an Interim Dividend of Rs. 17.00 (Rupees
 Seventeen only) per share to its share holders.
 
 - SBT wins national recognition for lending to small enterprises.
 
 - State Bank of Travancore has appointed Shri. G. Misra, Dy. General
 Manager (Finance & Accounts) as the Compliance Officer of the Bank.
 
 - Smt. Arundhati Bhattacharya, Managing Director, State Bank of India
 has been appointed as the Chairperson of State Bank. 
 
 2014
 - State Bank of Travancore (SBT) which is an associate of the State
 Bank of India stated that it has introduced a new deposit product
 namely Anupama as part of a Vishu-Easter festival offering.
 
 - Shri. B. Ramesh Babu, Chief General Manager (A&S), State Bank of
 India was appointed as one of the Directors of the Bank.
 
 - Ramesh Chandra Srivastava,  General Manager (Associates &
 Subsidiaries) A&S Group, i VG Kannan,  from same group State Bank of
 India, Mumbai were appointed as Directors of the Bank.
 
 2015
 --State Bank of Travancore has issues rights to its existing
 shareholders in the Ratio of 1:5
 
 2016
 -State Bank of Travancore (SBT) has been honoured with two MSME
 Banking Excellence Awards - Best Bank for Eco-Tech Savvy Bank for
 emerging Banks and Best Bank for CSR & Business Responsibility among
 emerging Banks.