SBT opens 11 branches on 11-11-11

Thiruvananthapuram, Nov. 14: State Bank of Travancore (SBT) launched 11 new branches in what was sought to be projected as striking a rare numerical formation read with the year, month and date (11 – 11.11.11) of the event.

An official spokesman quoted Mr P. Nanda Kumaran, Managing Director, as announcing the soft launch of the branches on Friday (November 11). Seven of the new branches are in Kerala while the rest are in Tamil Nadu.

The bank is on ‘a branch expansion spree' and would reach a target of 1,000 by March 31, 2012, the spokesman added.