CMP: 604

State Bank of Travancore provides banking services to a number of corporations and institutions, as well as to commercial, agricultural, industrial, and indiv- idual customers throughout India. They also supply the Government of India, as well as its State Governments, with a number of financial services, including tax collection and payment services.

State Bank of Travancore is a decent mid-cap bet in PSU Banks trading at a P/E of 5 with dividend yields of well over 3% in the last 12 months. Revenues have risen from 3434 Crores to 6828 Crores in the last 5 years. Profits have risen from 386 Crores to 510 Crores in the last 5 years. Profit margins have declined from 11% to less than 8% in the last 5 years. Buy and hold for long term gains.