As advised by RBI, a conference of Chairmen of 20 small banks having their registered offices in the states of Tamilnadu, Kerala and Karnataka (erstwhile Mysore) was held at Madurai in May 1971 under the Chairmanship of Dr R K Hazari, Deputy Governor, Reserve Bank of India. The proposal for starting a joint staff training college for the benefit of small banks in the above three states was considered.
A steering group with members from RBI and few south based banks was constituted. Sri. M T Krishnan Nair, then Chairman of South Indian Bank Limited was a member of the committee. Based on the recommendations of this committee, Southern India Banks Staff Training College (SIBSTC) was started at Coimbatore on 25.10.1972.
The College was inaugurated on 25th October 1972 by Dr R K Hazari, Deputy Governor, Reserve Bank of India
in the presence of Sri. Sunder Ram Shetty, Chairman, Vijaya Bank, other Chairmen member banks and
dignitaries from Bankers Training College (BTC) Mumbai and National Institute of Bank Management (NIBM) Pune.
SIBSTC was constituted as Society and Registered on 08.02.1972 by Registrar of Assurances, Coimbatore, vide Sl. No 7 of 1972. The College was originally situated at Coimbatore. With a view to enlarge the activities and to harness the expertise available with other institutions, the college was shifted to Bangalore in July 1989. The college started operating from premises at Ulsoor, Bangalore from August 1989 to June 2007. From June 2007 till November 2013, the college operated at Jayanagar Premises in Bangalore. With a view to provide better facilities to the participants and also to enhance the training reach, the college in November 2013 shifted to new premises on Shankara Math Road, Shankarapuram, Bangalore and is presently operating in this premises.
The College is Registered as a Society vide Regn S.No. 140 /91-92 dated 16.05.1991 under Karnataka Societies Registration Act 1960.