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 State
, where it has 700 branches. Overall, SBT has a network of over 792 branches spread over 16 Indian states .
State Bank of Travancore continued its record of strong performance during theyear ended March 31, 2011 also, in the key parameter Shri P Pradeep Kumar,Managing Director, said that the bank registered a growth of 20.95 per cent inits operating profit at Rs. 1,176 crore against Rs. 972 crore in the previous yeardriven by a healthy growth of 21.14% in Net Interest Income at Rs. 1,696 croreagainst Rs. 1,400 crore last year.Total income improved by 18 per cent to Rs. 5,810 crore from Rs. 4,906 crore.Total expenditure, excluding provisions and contingencies, stood at Rs. 4634crore against Rs. 3,934 crore with interest expenditure accounting for Rs. 3,533crore (Rs. 2,978 crore).After taking into account additional provisions for staff, NPA and income tax,the net profit has moved up by 6.35% to Rs. 727.73 crore from Rs. 684.27 crore.The Operating Profit for the fourth quarter was higher by 13.47% at Rs. 315.10crore against Rs. 277.68 crore in the same quarter last year. The Net Profit for thequarter improved to Rs. 238.32 crore from Rs. 217.23 crore. The performance ofthe Bank was taken on record at a meeting of the Board of Directors of... Read More