Complex sentence: SBT was originally established as Travancore Bank Ltd. in 1945 and became a subsidiary of State Bank of India as per the "State Bank of India Subsidiary Banks Act, 1959", enacted by the Parliament of India.
Split into simpler sentences: SBT was originally established as Travancore Bank Ltd. in 1945. The bank became a subsidiary of State Bank of India as per the "State Bank of India Subsidiary Banks Act, 1959", enacted by the Parliament of India.