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In July 1966, the Kerala State Co-operative Bank Ltd was included in the 2nd Schedule of the Reserve Bank of India Act 1934. As per the provisions contained in the 2nd Schedule of the Act, gradually approved the Bank as a Scheduled State Co-operative Bank.
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] The City Bank — 1926–unknown [10] Thiya Bank — 1945-1964 (Amalgamated with Lord Krishna Bank) [5] Travancore Forward Bank ...
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]
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]
State Bank of Travancore (SBT) was a major Indian bank headquartered in Thiruvananthapuram, Kerala, and was a major associate of State Bank of India. SBT was a subsidiary of the State Bank Group, but also had private share-holders. It was the premier bank of Kerala.
Thereafter it merged State Bank of Indore with itself on August 27, 2010. [5] The remaining subsidiaries, namely the State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore, and Bharatiya Mahila Bank were merged with State Bank of India with effect from 1 April 2017.
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India's commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
The Malabar District and the Kingdom of Cochin were peacefully annexed into India without much hassle. 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]