The end of an era in Kerala’s history as State Bank of Travancore no more

State Bank of Travancore (SBT), the banker who served the state for over seven decades, is no more.

Published: 01st April 2017 01:49 AM  |   Last Updated: 01st April 2017 01:49 AM   |  A+A-

By Express News Service

THIRUVANANTHAPURAM: State Bank of Travancore (SBT), the banker who served the state for over seven decades, is no more.

The 800-odd branches of the SBT, along with four other associate banks of the SBI, will merge with the parent bank on April 1. On Monday, the first working day of the month, these bank branches will sport the State Bank of India name board.

Customers will have the same account number even after the merger. SBT account holders can avail of internet services from SBI website www.onlinesbi.com

All banking products and services of the SBT will be replaced by those of the SBI from the day. The local head office of the SBI will be shifted to the SBT headquarters building at Poojappura.     

SBI officers said the data merger will be completed by April 24. Both the banks are using the same core banking platform and hence the merger activities will not face hurdles, they said.

With the merger, the number of SBI branches will rise from the current 495 to over 1,400. For better management of the branches, 16 more zonal offices will be set up.

SBI officers said there will not be any closure of branches as feared by a section of the employees. Minor changes will be effected in the name of one branch in places where two branches come into being after the merger.

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp