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It was the premier bank of Kerala. Overall, As of 31 March 2015, [update] SBT had a network of 1,157 branches and 1,602 ATMs, covering 18 states and three union territories. On 15 February 2017, the Union Cabinet approved a proposal to merge SBT and four other associate banks with SBI. [ 1 ]
In the state of Kerala there are various establishments owned, managed and controlled by Government of India.These establishments in Kerala are largely government offices and departments, Public sector undertakings, jointly owned entities, entities in which Government of India has stakes or shareholding, defence and strategic establishments etc.
The Kerala State Higher Education Council (KSHEC), Science and Technology Museum Campus, Vikas Bhavan PO, Thiruvananthapuram [7] Kerala State Information Technology Mission [ 8 ] Kerala State Institute of Children's Literature
The Department of Finance also controls Kerala Financial Corporation, an important agency in leading finance and credit for industrial and agricultural projects for private and public. The Finance Department controls the major functions like Stores & Purchase, Commercial Taxes, Agricultural Income Tax, Treasuries, Lotteries, Local Fund Audit ...
Kerala Financial Corporation. The Kerala Financial Corporation (KFC), a public sector undertaking, is a state-owned financial corporation. [1] The Kerala Financial Corporation (KFC) was established by the State Government as per the State Financial Corporations Act of 1951, passed by the Parliament of India, to accelerate the industrial growth of the state of Kerala.
In 2002, it was reported that Kerala government have chosen to either restructure or close the loss-making enterprises and has no plan for privatisation. [5] As per CAG report for 2008-2009, Kerala PSUs lack accountability, and needs improvement for imbibing professionalism and efficiency.
Banking was one of the most preferred lines of business in the princely states of Travancore and Cochin, and the Malabar Province of British India — the area that later became the state of Kerala — during the twentieth century. A list of some of the banks that operated in the region during the twentieth century are given below.
Travancore Mathew Thomas Isaac (born 26 September 1952) is an Indian politician and economist, who was the Minister for Finance and Coir of the Indian state of Kerala.A central committee member of the Communist Party of India (Marxist), he has authored a number of articles on economics, planning and politics, has published in leading regional, national and international periodicals, presented ...