Merger of SBT, SBI enhances chances of Kerala Bank: Pinarayi

T'puram: With the merger of State Bank of Travancore (SBT) in the State Bank of India, the chances of Kerala Bank has become brighter, said chief minister Pinarayi Vijayan. Speaking at the Assembly, he added that there was no basis to the rumour that the Kerala bank would toll the death knell of cooperative banks in the state. An amount of Rs 60,105.30 crore is with the cooperative societies as deposits. There are 20 branches of state cooperative banks while district cooperative banks have 785 branches. When these are combined, the chances are infinite, said the CM.

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