Kerala-headquartered, State Bank of Travancore (SBT) has entered into a tie-up with CentrumDirect (CDL), a subsidiary of Centrum Capital and India’s second largest company in retail foreign exchange, for providing foreign exchange services. The tie up will enable CDL in getting regular supply of foreign currencies from the 1,000 plus designated and authorized foreign exchange branches of the bank.
State Bank of Travancore has reported a fall of 59.20% in its net profit at Rs 55.34 crore for the quarter ended September 30, 2013 as compared to Rs 135.63 crore for the same quarter in the previous year. However, total income of the bank increased by 16.43% at Rs 2566.09 crore for quarter under review as compared to Rs 2203.92 crore for the quarter ended September 30, 2012.
