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State Bank of Travancore Review

A public sector bank which stays under the clouds as a subsidiary of
state bank group is the STATE BANK OF TRAVANCORE.It is the premier
bank of Kerela state. The bank was actually started as travancore bank
limited in 1945.Head quarters of the bank is located atPoojappura,Thiruvananthapuram.A network of 170 branches of state bankof travancore are spread all through India. The chairman is Om PrakashBhatt. The products of this bank are loans, credit cards, savings.As itis a leaf of state bank of India, it is quite trust worthy andsecurity is assured. The organization takes responsibility regardingthe matters that had taken place without the involvement of customer.

Facilities offered by State Bank of Travancore to its clients are as follows:

Multi city cheques for its customers who had engaged
themselves in the business field.
Transferring funds is rapidly done.
Operation can be done from any of the branches.
Internet banking, ATM’s turn out to be a flip for the bank.
Personal finance
Deposit schemes
financial trades and services
the fixed deposit account can be opened with a minimum deposit ofrs.1000 .Interest is paid quarterly, half yearly or yearly. For monthlypayment discounted rates are provided. Up to 90% of deposit, loans can
be made available. The bank has even savings account with has certainfeatures like
Suited for persons from all classes.Cheques in Indian and foreign currency can be
collected.Withdrawal facilities are liberalMinor's above 10 yrs can open and operate an account.
Income deduction is not seenthe service levels provided by the bank are really good. The bank istransparent banking organization. It always provides explanations asand when needed by the customers. It is also said to be the honest bankin the contemporary banking world. The terms laid down by this bank areunbeatable. Bank offers high rate of interest and makes transactionsflexible. The work culture seen is a drawing factor. Personal servicesoffered is at high levels. Service is fast enough and it does not allowits customers to undergo any problem.State bank of Travancore are veryhelpful and always willing to solve out the customers problems. Thebank provides best ATM service.

In the present arena, the bank outperformed the market getting itselfto be the best one in banking services. At present equity of the bankis rs.50 crore and face value of the share is rs.100.In the recentpast the bank has improved its credit deposit ratio. Operating profithas steadily increased and non interest income has also pulled up, thusincreasing the treasury. The bank has a present profit of rs.247.13 andhope that it will retain the profit ratio .

A statement can be made regarding the state bank of travancore and is
"BANKING IS PLEASURE".

HEAD OFFICE
Poojappura
Trivandrum 695012
Kerela