Ichalkaranji is a city in the Kolhapur district of the Indian state of Maharashtra. The city is known for its textile manufacturing industry and the export of textile goods. This city was initially a Maratha Princely state which is situated on the banks of the Panchganga River. It lies in the Panchganga valley, quite near to the neighboring city of Kohlapur. There are seven hamlets within Ichalkaranji. Ichalkaranji Municipal Council looks after the civic administration of the city. There are 65 wards in the city that are governed by the elected council members. The textile business boosts the economy of this city and raised the per capita income to Rs.116,472. Hence, the city is often referred to as the "Manchester of Maharashtra." Engineering, especially the manufacture of measuring instruments, is the second largest industry here and considerably contributes to the economy of the city. The finance sector also has a prominent presence in Ichalkaranji and provides employment opportunities to many residents. Sugarcane is also heavily cultivated at Ichalkaranji. The city has several schools and colleges that offer different types of education and courses. There are many institutes offering research facilities.
the State Bank of Travancore was a subsidiary of State Bank of India and founded on 12 September 1945 as the Travancore Bank Ltd, an initiative by Travancore Diwan C. P. Ramaswami Iyer. The Union Cabinet approved the proposal of combining SBT and four other associate banks with SBI, on 15 February 2017. On 31 March 2017, It finally joined with its parent SBI bank.A part from its merger with parent SBI group, the SBT was approved of raising the capital of Rs. 600 crore. It was a premier Indian bank based in Thiruvananthapuram, Kerala and became a subordinate of State Bank of India under the SBI Subsidiary Banks Act, 1959, in 1960, enacted by the Parliament of India. The SBT offered services sucha s consumer banking, investment banking, retail banking, asset management and pensions. Sri Chithira Thirunal Balarama Varma, the Maharaja of Travancore was considered as the founder of the bank, though the king had little to do with the founding of the bank. Ms.Arundhatti Bhattacharya is the ex-officio chairman, and Mr. CR Sasikumar is the managing director of the SBT.It had a network of 1,157 branches and 1,602 ATMs across India, as of 31 March 2015. The Union Cabinet approved the proposal of combining SBT and four other associate banks with SBI, on 15 February 2017