After a steady decline of 59.19% from the net profit from Rs 55.34 crore on a total of 16.43% growth, State Bank of Travancore (SBT) had succumbed to a 1.97% loss to a Rs 464.20 today morning after a total income of Rs 2566.09 crore in Q2 of September 2013.
On 5 November 2013, Tuesday after the market closed the announcement of the results of the Q2. On BSE, 651 allotments were exchanged the counter as against normal every day volume of 3,240 stakes in the previous two weeks. The stock hit a high of Rs 467.65 and a low of Rs.459.75 so far throughout the day.
State Bank of Travancore is an associate of State Bank of India (SBI), which is India's greatest business bank regarding extension arrange. SBI holds 75% stake in State Bank of Travancore.