Home > State Bank Of Travancore

State Bank Of Travancore IFSC Code and MICR Code:

State Bank Of Travancore state wise list of all branches, IFSC code, MICR code and Addresses within India

Find any State Bank Of Travancore branch details in India

hand icon
refresh TickIcon
State Bank Of Travancore IFSC Code

About State Bank of Travancore

State Bank of Travancore was founded as Travancore Bank Ltd in 12 September 1945 at Trivandrum, in the state of Kerala, in South India. It comes with 1,602 ATM Counters, 12 Extension counters and 1,157 Branches. It is the premier bank of Kerala. Its headquarters is located at Poojappura, in Thiruvananthapuram, in India. The key person associated with this bank is Arundhati Bhattacharya who holds the position of Chairman. It deals with exclusive banking and financial products such as Investment Banking, Commercial Banking, Consumer Banking, Retail Banking, Asset Management, Private Banking, Mortgages, Pensions and many more. Its number of employees is 13,775 as per the official report of 2015.

In the open market, State Bank of Travancore comes with slogan as “A Long Tradition of Trust”. It is a significant subsidiary of the State Bank Group. At present, it has made its presence felt in three union territories and eighteen states across India in a successful manner. This bank comes with different kind of customer services in the category of personal, corporate and NRI banking facilities and its related services in a successful manner for its esteemed customers. It also offers different types of deposits and loan schemes, MSME, online services, NRI services, cards, wealth management services, shareholders info, etc.

About IFSC Code

Indian Financial System Code (IFSC) is an alphanumeric code which specifically identifies a Bank Branch participating in the two main Electronic Funds settlement system in India like Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT). IFSC code is utilized by the NEFT & RTGS to route the messages to the destination branches. IFSC code comprises of 11 characters that identifies bank branches participating in online fund transfers.

IFSC Code of State Bank of Travancore

IFSC code plays an indispensable role in the field of net banking. It permits you to transfer any sum of money to any individual across the country electronically. Money may be transfer through RTGS and NEFT methods by using an IFSC code of particular branch. It is 11 character codes such as SBTR0****** in which last five digits are unique for every State Bank of Travancore branch in India. You have to enter IFSC code before adding a beneficiary to your account.

How to Search IFSC Code of State Bank of Travancore

It assists you to find out information about State Bank of Travancore Branches in India. You may exploit the search box or state wise list of SBT branches to find your branch. Enter branch name, district, city, state to find State Bank of Travancore IFSC codes, branch address, location etc.

About MICR Code

MICR stands for Magnetic Ink Character Recognition. It contains numeric values and usually printed on cheque leaves. It is mainly used for processing cheques easily.

How to Search MICR Code of State Bank of Travancore

State Bank of Travancore MICR code is given in table alongside. Along this information, details such as address as well as contact numbers are also offered. You may narrow down search either by choosing any particular state from the drop down list or by choosing the state from SBT Bank MICR codes list given on the right side. One may find MICR Codes of State Bank of Travancore branches here.

Other Popular Banks IFSC Code

State Bank Of Travancore IFSC Code News:

ATM pin leaked leading to cash theft from SBT plus the Federal Bank ATMs in Mumbai

Cash value of around one lakh has been robbed following revelation of the ATM pin. Money has been stolen from ATMs of the SBT (State Bank of Travancore) plus the Federal Bank. Around 50 similar grievance has been reported till now in the police station. Primary investigation has disclosed that cash was stolen with the help of an electronic machinery. This equipment was attached in the place where the ATM is introduced inside the machine of ATM. Afterwards, the data including the ATM pin was revealed. At Worli, Mumbai this scam was undertaken. The clients got the confirmation message that the money has been taken out from the Worli situated ATM machine. The fraud shows a big team is involved in this scam. Police has already started investigating the case.

2016/08/10 12:48 AM

Government to Fund $3.4 billion to restore State Banks Financial Performance

Till March 2019, the government would invest around 700 billion rupees in state banks. The Capital investment is the government’s plans to increase credit growth. In order to help cash deprived lenders and restore loan growth India will introduce 229.15 billion rupees/ $ 3.41 billion in 13 state banks. This would help in restoring loan development, which has diminished tremendously in last 20 years. 250 billion rupees have been allocated for re-capitalization of banks this financial year, which is from 1st April, 2016 to 31st March, 2107, stated Arun Jaitley, Finance Minister. He even promised to budget more if the need arises.

Arun Jaitley said on 19th July- 2016, State Bank of India, which is India’s top lender, will receive Rs. 75.75 billion rupees for recapitalization. The worst nonperforming loan ratio is highest for Indian Overseas Bank, so it is decided that the bank will receive Rs. 31.01. India surely requires billions of dollars for credit growth and renewed capital because there is increase in bad loans and thorough execution of Global Basel III bank capital rules.

In today’s situation private lenders are in a better position compared to state banks. Their balance sheets are better hence it is becoming simple for them to capture financial markets and clients. State banks are fighting with non-performing assets and decreasing profits. They are now totally dependent on the government for funds. Fitch, International Rating agency calculated in order to reach Base III requirements, Indian banks would require $90 billion to establish a new capital.

Finance Minister announced, Punjab National Bank, fourth biggest State bank lender will receive 28.16 billion rupees. PNB informed a record loss in quarter of March. The third biggest State bank, Bank of India will get 17.84 billion. After the declaration by the Finance Minister Bank share rose, In Mumbai market the State bank index trading became 0.4% higher which was low as 0.1%. Bank stocks rose after the announcement, with the state-bank index trading 0.4 percent higher in a Mumbai market that was down 0.1 percent.

2016/07/22 03:10 AM

A call for strike against the merger and privatization of the banks

A union leader Mr C.H. Venkatachalam informed on Saturday that employees who are related to banking industry are preparing for the strike on Tuesday and Wednesday after discussion among the bank management and the representatives of the union failed .

The general secretary of the All India Bank Employees Association (AIBEA) said in a statement that the management made no constant proposal to the employees who are against the bank merging of the SBI and the privatization of the bank  IDBI.

The discussion were initiated in New Delhi by the Chief Labor Commissioner of the Central Govt.

The meeting was attended by the all officials of the Financial Services Department ,the five associate banks of the SBI and the Indian Banks Association.

The union leader also said that the govt. is using the privatization and consolidation of the bank as techniques to  divert public attention from more important things like deliberate defaulters of bank loans.

He also explained why  the privatization and consolidation of these banks is an unwarranted measure and emphasized on the fact that recovering bad loans should be the priority of the banks. He reiterated that the bank management made no constant proposal except saying  that the management was ready to meet and talk  to the union members.

A call for strike on July 12 has been made to about 45,000 employees by the AIBEA to protest against the takeover of the SBI with SBBJ,State Bank of Patiala, State bank of Mysore, State bank of Travancore and State bank of Hyderabad and the Bharatiya Mahila Bank.

2016/07/11 02:35 AM

Copyright © 2016 All Rights Reserved by BankIFSCcodeHub