The history of banking in Kerala dates back to the colonial era, with the establishment of the Bank of Madras in 1843. Here are some key highlights of the history of banks in Kerala:
Establishment of the State Bank of Travancore: The State Bank of Travancore was established in 1945, and was one of the five associate banks of the State Bank of India until it was merged with the parent bank in 2017. It played a key role in promoting the economic development of Kerala, particularly in the areas of agriculture and small-scale industries.
Growth of cooperative banks: Kerala has a large network of cooperative banks, which are owned and managed by their members. These banks cater to the needs of small farmers, traders, and other small-scale entrepreneurs, and have played a significant role in promoting rural development in the state.
Expansion of nationalized banks: Following the nationalization of banks in India in 1969, several nationalized banks, including the State Bank of India, opened branches in Kerala. This led to a significant expansion of the banking sector in the state, and increased access to banking services for the general population.
Introduction of online banking: With the growth of the internet and technology, banks in Kerala have increasingly shifted towards online banking services. This has made banking more convenient and accessible, and has led to a significant increase in the use of digital banking services in the state.
Focus on financial inclusion: In recent years, banks in Kerala have focused on promoting financial inclusion, particularly in rural areas. This has involved the establishment of more bank branches in remote areas, the introduction of mobile banking services, and the promotion of financial literacy among the general population.
The history of banking in Kerala reflects the state's economic and social development over the years, and the sector continues to play a key role in promoting economic growth and development in the state.
List of major Banks operating in Kerala - Kerala based Banks like Federal Bank, South Indian Bank, Nationalised Banks like State Bank of India, Canara Bank, Punjab National Bank, Private Banks like ICICI Bank, HDFC Bank, Kotak Mahindra Bank, Axis Bank etc. with website providing net banking and other services and contact address.
- Kerala based Banks Web directory of banks which are based in the state of Kerala and their websites. All the major banks like Federal Bank, South Indian Bank, Catholic Syrian Bank, Dhanalakshmi Bank, State bank of Travancore and their brief info are included.
- Nationalised Banks List of Nationalised banks or public sector banks like State bank of India, Canara bank, Corporation bank, IDBI operating in Kerala and their website information.
- Private Banks Directory of Private Sector banks operating in Kerala like ICICI Bank, HDFC, HSBC, UTI Bank, IndusInd Bank, Centurion Bank of Punjab and The Karur Vysya Bank Limited.
- Foreign Banks Directory of International Banks operating in Kerala like ABN AMRO, Citi bank, HSBC and Standard Chartered Bank. Links to their websites are also available.