SBT commercial biz group branches

Thiruvananthapuram, Nov. 17: State Bank of Travancore has implemented the new idea of commercial business group (CBG) branches from November 1. This is aimed at boosting the bank's wholesale banking business at selected centres, an official spokesman said here.

Initially, 11 branches located at important emerging business centres of the country are being included in the group. The bank already has a commercial network linking branches in the metros and large cities to cater to the need of big corporates.

CBGs are aside of this, and will take care of the medium and large corporates. They will be self-supported, single-point processing units and would ensure timely disbursal of quality credit.

By bifurcating the wholesale banking business and retail lending at the respective centres, customers of both segments would get focussed attention, the spokesman said.