Home Top 5 Top 5 Best Leading Banks in Kerala

Top 5 Best Leading Banks in Kerala


Top 5 Best Leading Banks in Kerala

Banking is a financial institution that accepts deposits either directly by loaning or indirectly through capital markets. It forms a link between customers through capital surpluses and capital deposits. Banking business simply means a process of receiving money on current or deposit account by paying and collecting cheques drawn or paid by customers. Banks has various sorts of payments methods like Automated Clearing House (ACH), Wire transfers or telegraphic transfer, EFTPOS, and automated teller machine (ATM).

It borrows money by accepting deposits on current accounts or term deposits and issuing debt securities such as bonds and banknotes. Banks  forms an indispensable part for most of the businessmen and individuals. Kerala has many commercial,nationalized cooperative banks having a wide network throughout the state. Federal Bank, South Indian Bank, Catholic Syrian Bank, Dhanalakshmi Bank, State bank of Travancore, Manjeri Co-operative Urban Bank, Nedungadi Bank and Ottapalam Co-operative Urban Bank have their base in Kerala. Here are the list of some of the leading banks in Kerala. 

1. South Indian Bank

South Indian Bank

The head office of south Indian bank is in Thrissur. It is one of the first bank in the private sector to introduce  Industrial Finance Branch in March 1993. South Indian Bank has a tradition of 77 years of public trust. It is one of the second largest network of branches among oldest private banking sectors. The South Indian bank has almost 450 branches and 45 Extension Counters spread over 19 States/UT.

Accounts & Deposits

  • Savings Account
  • Term Deposits
  • Financial Inclusion Smart Card Account
  • Unclaimed Deposits/Inoperative Accounts


  • Personal Loan
  • Vehicle loans
  • Home Loans
  • Gold Loans
  • Educational Loans
  • Agriculture Loans
  • Flexi loan
  • Other Loans
  • OTS Scheme for MSE


  • Life Insurance
  • Health Insurance
  • General Insurance
  • ECGC
  • Online Insurance

Money Transfers

  • Domestic Transfers
  • International Transfers

Value Added Services

The bank offers Applications Supported by Blocked Amount (ASBA), Demat Services, Education Fee Collection, New Pensions system, Online Trading – SIBer Trade and PAN Service Agency (PSA). There is also options like SIB Pure Gold, Any Branch Banking, International ATM cum Shopping card, Verified By Visa/ MasterCard SecureCode, Internet Banking, Mobile Banking etc. South Indian Bank also offers SIB M-Pay, SIB Collect, KYC Certification of Mutual Fund Investors, Cash Management Services(CMS), Tax Payment and SIB travel card as value added services. 


South Indian Bank Ltd.
Head Office
T.B Road, Mission Quarters,
Thrissur 680 001,Kerala, India


2. Federal Bank

Federal Bank

Federal bank is one of leading bank with wide range of network spread in all major cities of  the country. The head office of federal bank is at Aluva in Kerala. It is first bank to introduce internet banking service through FedNet. It has almost all branches automated. It is the fist bank among traditional banks to make all it’s branches  interconnected.

Account & Deposits

  • Savings Accounts
  • Salary Accounts
  • Deposits
  • Priority Banking


  • Gold Loan
  • Housing Loan
  • Car Loan
  • Other Loans


  • Debit Cards
  • Gift Cards
  • Travel Cards

Banking Services

  • ATM
  • Internet Banking
  • Mobile Banking
  • Services
  • Online Services

Insurance & Investments

  • Life Insurance
  • General Insurance
  • Mutual Funds
  • Federal Pure Gold


Telephone : 1800-425-1199 (TOLL FREE IN KERALA)
E-mail: helpdesk@federalbank.co.in
SMS : 98950 88888


3. State bank of Travancore


State Bank of Travancore (SBT) is an associate bank of State Bank of India which is the largest banking sector of India. SBT has been efficient in CORE banking technology it has a consistent amount of profits in the banking sector. SBT has largest branch network over 562 branches in Kerala.

SBT was established first as Travancore bank Ltd.  in 1945 formed by princely state of Travancore. SBT has been an associate of State Bank of India. SBT provides facilities like Internet Banking, E-Payments, Utility Bill Payments, Fee payments and E-Rail.

Accounts & Deposits

  • Saving bank Accounts
  • Current Accounts
  • Term Deposit Accounts
  • SBT Reinvestment plan
  • Unit deposit scheme
  • Recurring deposit account
  • Varaible deposit scheme

Personal loan Products

  • Cash Key facility
  • Gold loans
  • Mitra Varsha (loans against shares and securitites)
  • Housing loan
  • Gyan Jyoti educational loan
  • Sahaya Varsha
  • Suvidha loan(Loan against mortgage of immovable property)
  • Prasanthi(A clean Demand Loan Scheme specially designed for Pensioners)
  • Car loan – For NRIs & Residents

 Products & services

  • Stocks & Bonds
  • Tax Advantaged Investments
  • Mutual Funds
  • Annuities
  • Insurance Products
  • Trust Accounts
  • Individual Retirement Accounts
  • Business Retirement Plans
  • Retirement Planning
  • Education Planning & 529 Plans
  • Professional Asset Management
  • Financial & Estate Planning


Email : dgmcomp@sbt.co.in

State Bank Of Travancore(Associate of the State Bank of India)

Head office, Trivandrum – 695012, India


4. Catholic Syrian bank

Catholic Syrian bank

Catholic Syrian bank is a Kerala based bank with it’s headquarters located in Thrissur. It deals with various products and services and includes insurance, deposits, advances and international money transfer. The bank also offers NRI services. It undertakes many schemes like VIP Car Loan, Car Loan Scheme For acquiring Car, Van, Jeep, Gold Loan / Kanakashree, Casy Mithra etc.

It took part in taking over the liabilities and assets of five small/medium sized banks in Kerala. Earlier In 1975, the Bank attained the status of “A” Class Scheduled Bank with total Deposits crossed to Rs.25 crores. The bank has almost 387 branches and 202 ATM’s across India.


  • CSB… Tax Savings support
  • Fixed deposit
  • Family welfare
  • Acharya deposits
  • Savings Account
  • CSB Students support scheme
  • Cumulative deposit
  • Current account

Loans & Advances

  • Cash Mithra
  • Gold loan
  • Educational loan
  • tax payer’s liquidity scheme
  • Medicash
  • House loans
  • Agriculture finance
  • Car loan
  • VIP car loan
  • Personal loan

Interest rates

  • Domestic deposits
  • Non-resident deposits

Head Office Address 
The Catholic Syrian Bank Ltd.
CSB Bhavan,
Head Office: P.B No. 502, St. Mary’s College Road,
Thrissur – 680 020, Kerala, India.


5. South Malabar Gramin Bank

South Malabar Gramin Bank (SMGB)

South malabar Gramin bank is associated with Canara bank . It is one of the regional rural bank(RRB). The bank is specialized with  depository schemes, NRI deposits schemes, loans for farm sertor, housing & educational loans and loans against stock / share.The bank has been performing a major role in micro finance and lending for self help groups.

South Malabar Gramin Bank is established in December 1976 with it’s headquarters in Malappuram. It is one of the leading public sector bank. The main objective of the bank is to provide finance farm & non-farm sectors and other employment generation programs.  The bank operates in 8 Districts with, 229 Branches, 5 REGIONAL/Area offices.

Deposits & Accounts

  • Saving bank Accounts
  • Fixed deposits
  • Kalpa Vriksha Deposit
  • Recurring deposit
  • Non Resident SB account


Farming Sector

  • Kisan Credit card
  • Plantation development loan
  • Farm mecjhanisation loan
  • Animal Husbandary loan
  • Agricultural produce loan
  • Minor irrigation loan
  • Agricultural vehicle loan
  • Fisheries loan etc.

Non Farming sector loan

  • Retail credit card
  • Industrial credit business / trade loan commerce loan
  • Housing loan,Eduacational loan
  • Micro credit/self help group
  • Loans to voluntary agencies and self help groupsto render to it’s members
  • Non priority personal consumption loan
  • Vehicle loan
  • Loans against stocks /shares
  • Loans for commercial buildings
  • Gold loans


South Malabar Gramin Bank
Head Office, SMGB Towers
AK Road , Malappuram,
Kerala State , India. Pin- 676505


  1. There is no SMGB now.. its KERALA GRAMIN BANK (KGB)here .Smgb &Nmgb are amalgamated in 2013 and formed India’s biggest RRB, KGB. As on July 2017 KGB has 615 branches in Kerala and 80lakh customers. kindly update the information you provided in this site.

  2. state bank of india still the best bank in kerala state and pan india. I like sbi verymuch because better service and no hidden charges. Other banks a lot of hidden charges.

  3. Comment:Sib is one of the most leading banks in kerala. They are providing different applications to do banking anywhere. SIB mpay,SIB mpassbook,sibernet,SIB mirror, SIB missed call… Use it better service providing,quick actions,better banker customer relationship and moreover 80%of employees are energetic youngsters

  4. Federal Bank is best bank in my opinion . because their customer care is excellent. We can chat with them online and can resolve problems quickly. And they have branches and atm’s in almost every corner (I’m from thrissur-ernakulam area) . And we can transfer money easly using fednet net-banking. Adding payees for neft;rtgs transfer need approval and around 4 hours in sbt&sbi netbanking. But in federal bank fednet , we can add payee and pay them using neft;rtgs quickly. No need to wait for approval.

  5. South Indian Bank is the best…SIB now having more than 800 branches.. Their service quality is excellent.. I’m an NRI and dealt with many branches all around India.. They are the best in terms of service quality and customer care.


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