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Money & Banking - Awards & Honours


SBT bags national award

Our Bureau

THIRUVANANTHAPURAM: State Bank of Travancore (SBT) has secured the national award for excellence in lending to the SSI sector during year 2003-04. The Ministry of Small Scale Industries instituted the award for commercial banks, a bank spokesman said here.

The Prime Minister, Dr Manmohan Singh, gave away the award and citation to Mr P. P. Pattanayak, Chief General Manager, SBT, at a function held at Vigyan Bhavan, New Delhi.

Advances made by the bank to the SSI sector, as on March 31 this year, is Rs 724 crore, of which 64 per cent has been directed to the tiny sector. SBT has five SSI branches in the State at Thiruvananthapuram, Kottayam, Ernakulam, Alappuzha and Thrissur. It has opened a specialised branch for women at Muhamma in Alappuzha.

More Stories on : Awards & Honours | Public Sector Banks | SSI | Kerala

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