Manage Money

Bank Name

Holiday Loan from state Bank of Travancore in Aizawl

The largest and the capital city of the Indian state of Mizoram is Aizawl. It is the states center of administration and houses all the important government offices such as the civil secretariat and the state assembly house. The population of Aizawl is around 3 lakhs and it strongly reflects the various communities of the ethnic Mizo people. 93% of the population is Christian. The city is located in between the Tlawng river valley and the Tuirial river valley. It has a mild sub-tropical climate but also experiences heavy rainfall. The economy of Aizawl is primarily sustained by government services. The major banks are located within Aizawl, employing many residents. The tourism industry is a flourishing trade in the scenic city of Aizwal, which has many hotels that further boost the citys economy. The city is moderately connected to the neighboring areas and the government is working on improving the connectivity. The various places of tourist interest in and around Aizwal are Solomons Temple, Baktawng Village, Durtlang Hills, Bara Bazar, Mizoram State Museum, etc.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

Low interest rate Home Loan in Aizawl, 21 November 2019 from state Bank of Travancore

the State Bank of Travancore (SBT) was a premier Indian bank based in Thiruvananthapuram, Kerala. The SBT was a sister concern of the State Bank Group, but it also had private shareholders. SBT was the leading bank of Kerala. 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. On 31 March 2017, It finally merged with its parent SBI bank. It was founded on 12 September 1945 as the Travancore Bank Ltd, an initiative by Travancore Diwan C. P. Ramaswami Iyer. Due to widespread resentment against his dictatorial rule, the bank never gave him the credit of his role. Instead, 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 SBT bank. Although the contribution of the Travancore government was 25% only in the bank capital, apart from its general banking business, the bank undertook government treasury work and foreign exchange business. Its head office was located at Thiruvananthapuram. It became a subordinate of State Bank of India under the SBI Subsidiary Banks Act, 1959, in 1960, enacted by the Parliament of India, and thus achieved the name state Bank of Travancore.Ms. Arundhatti Bhattacharya is the ex-officio chairman, and Mr. CR Sasikumar is the managing director of the SBT.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs