State Bank of Travancore has received an approval for raising of up to Rs 600 crore by way of issue of Basel III compliant Additional Tier I Bonds. The Executive Committee of the board of directors of the bank in its meeting held on December 07, 2016 has approved for the same.
State Bank of Travancore (SBT) is an Associate of the State Bank of India and a member of the State Bank Group, the largest banking group in India. The Bank is alive to its developmental role and actively participates in meeting need based requirements of Small and Medium Enterprises and Agriculture.
