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The Bank was then elevated to the position of State Co-operative Bank for the State of Kerala and it became "The Kerala State Co-operative Bank Ltd." At that time, the Bank had a working capital of ₹42.90 lakhs, deposit of ₹30.33 lakhs and loans and advances to the tune of ₹21.66 lakhs.
South Malabar Gramin Bank — 1975–2013 (Amalgamated with North Malabar Gramin Bank to form Kerala Gramin Bank-2013) St George Union Bank — 1927–1965 (Amalgamated with Federal Bank) [5] [3] State Bank of Travancore (originally known as Travancore Bank Ltd) [8] — 1945–2017 (Amalgamated with the State Bank of India) [9]
KSFE is a Miscellaneous Non-Banking Company (MNBC) and is fully owned by the Government of Kerala. KSFE does not come under the regulation of Reserve Bank of India since it is not a Non-Banking Financial Company. KSFE is one of the two chit fund companies owned by the government in the whole of India. [3]
It was the premier bank of Kerala. Overall, As of 31 March 2015, SBT had a network of 1,157 branches and 1,602 ATMs, covering 18 states and three union territories. On 15 February 2017, the Union Cabinet approved a proposal to merge SBT and four other associate banks with SBI. [1] It finally merged with its parent bank on 31 March 2017.
As of March 2002, Kerala's banking sector comprised 3341 local branches: each branch served 10,000 people, lower than the national average of 16,000; the state has the third-highest bank penetration among Indian states. [244] On 1 October 2011, Kerala became the first state in the country to have at least one banking facility in every village ...
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]
The South Indian Bank Limited (SIB) is a major private-sector bank headquartered at Thrissur in Kerala, India. As of 31 December 2024, the bank had a network of 955 banking outlets (954 branches and 1 service branch) and 1290 ATMs/CRMs (1159 ATMs and 131 CRMs) spanning 26 states and 4 union territories).
The state of Kerala was created in 1956 from the former state of Travancore-Cochin, the Malabar district and the Kasaragod taluk of South Canara District of Madras state. [7] The state is called Keralam in Malayalam, due to its grammatical addition of Anusvara.