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State Bank of Travancore shines on launching doorstep banking

02 Jul 2013 Evaluate

State Bank of Travancore is currently trading at Rs. 510.00, up by 2.70 points or 0.53% from its previous closing of Rs. 507.30 on the BSE.

The scrip opened at Rs. 505.25 and has touched a high and low of Rs. 510.00 and Rs. 505.20 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 648.00 on 10-Dec-2012 and a 52 week low of Rs. 475.00 on 29-Aug-2012.

Last one week high and low of the scrip stood at Rs. 512.60 and Rs. 482.00 respectively. The current market cap of the company is Rs. 2,550.00 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 6.14% and 18.86% respectively.

State Bank of Travancore (SBT), an associate of State Bank of India, in a bid to provide add on services has launched a new service for its customers - doorstep banking. This facility is currently available for business groups and government establishments in the capital city of Thiruvananthapuram and the bank would soon extend it to other major cities in the state of Kerala.

The customers who opt for this service has to call up the bank and inform that money have to be deposited and soon the bank’s vehicle fitted with hi-tech gadgets to ensure utmost security to the customers money, along with bank’s staff will arrive at the doorstep to collect the amount.

The minimum pick- up will be Rs 5 lakh and the maximum would be Rs 2 crore. The customers can choose their time of cash pick-up at their convenience with prior appointment with the bank. The van will pick up cash from the customer’s doorstep from 10 a.m. to 4.30 p.m. and the bank is contemplating to extend the collection hours.

Peers
Company Name CMP
SBI 1107.60
PNB 113.75
Canara Bank 142.70
Bank Of Baroda 280.50
Union Bank Of India 189.05
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