State Bank of Travancore (SBT), is a subsidiary of the State Bank Group, but also has private share-holders.

It was established in 1945 as the Travancore Bank Ltd, at the initiative of Travancore Divan C. P. Ramaswami Iyer.

In 1960, it became a subsidiary of State Bank of India under the SBI Subsidiary Banks Act, 1959, enacted by the Parliament of India

Between 1959 and 1965, SBT acquired numerous small, private banks in Kerala.

1959: It acquired the assets and liabilities of Indo-Mercantile Bank, which Sri Popatlal Goverdhan Lalan had helped found in Cochin in 1937.

1961: It acquired Travancore Forward Bank, Kottayam Orient Bank, and Bank of New India after the Reserve Bank of India put the banks under moratorium.

1963: It acquired Vasudeva Vilasam Bank.

1964: It acquired Cochin Nayar Bank and Latin Christian Bank, after the Reserve Bank of India put the banks under moratorium. It also acquired Champakulam Catholic Bank in Alleppey.
1965: It acquired Bank of Alwaye, and Chaldean Syrian Bank, which several leading families of Syrian Christian origin had founded.

Board of Directors

Current Board of Directors as on 27th July 2016

• Ms. Arundhati Bhattacharya - Chairman (ex-officio)
• Mr. C.R.Sasikumar- Managing Director
• Dr. J. Sadakkadulla - Director
• Mr. V.G. Kannan - Director
• Mr. Neeraj Vyas - Director
• Mr. Vijay Kumar Monga - Director
• Mr. Ravi Nandan Sahay - Director
• Mr. V. Kaliappan - Director
• Mr. P. V. Prasad - Director
• Mr. M. C. Jacob - Director
• Mr. Sajen Peter - Director
• Mr. Anshuman Sharma - Director