Foundation SBT was established in 1945 as the Travancore Bank Ltd., at the initiative of
Travancore Diwan C. P. Ramaswami Iyer. Following popular resentment against his dictatorial rule, the bank never credited his role. Instead, the Bank considered the
Maharaja of Travancore Sri Chithira Thirunal Balarama Varma as the founder, though the king had little to do with the founding. Although the
Travancore government put up only 25% of the capital, the bank undertook government treasury work and foreign exchange business, apart from its general banking business. Its head office was at
Thiruvananthapuram. In 1960, it became a subsidiary of
State Bank of India under the SBI Subsidiary Banks Act, 1959, enacted by the
Parliament of India., and thus achieved the name 'State Bank of Travancore'.
Merger On 15 February 2017, the Union Cabinet approved a proposal to merge SBT and four other associate banks with
State Bank of India. It was merged with its parent bank on 31 March 2017. == Acquisitions ==