Panihati is a developing city in the North 24 Parganas district of the Indian state of West Bengal. It is a part of Kolkata Urban Agglomeration with more than 3 lakh residents. Panihati municipality is a part of the Kolkata Metropolitan Area Development Area or KMDA. There are prestigious educational institutions such as the St. Xaviers Institution, the Narula Institute of Technology, Guru Nanak Institute of Technology, etc. in the vicinity of the city. The small city is well connected via railways with two important railway stations - Agarpara and Sodepur in the vicinity. The place is known for hosting many industries. The Bengal Chemicals and Pharmaceuticals at Panihati is a leading manufacturer of medicines. The Bengal Waterproof Works Private Ltd. is popular for their brand Duckback. The Texmaco Rail and Engineering Ltd. has five manufacturing units in and around Panihati. The residents are either employed in these industries or they travel to the various service sectors of the KMDA region for work.
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