State Bank of Travancore (SBT), an associate of State Bank of India, has opened new branch at Ambalathara in Thiruvananthapuram. Earlier, the bank had opened branch in the Kuravankonam area. Meanwhile, the bank is offering a one-time special interest subsidy scheme on student loans. The scheme will provide interest relief to students who have taken education loans prior to March 31, 2009.
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.
