State Bank of Patiala

From Wikipedia, the free encyclopedia
Jump to: navigation, search
STATE BANK OF PATIALA
Type Public
Traded as
Industry Banking
Insurance
Capital Markets and allied industries
Founded Patiala, 1917
Headquarters Head Office,
The Mall,
Patiala 147 002 India
Key people SMT. ARUNDHATI BHATTACHARYA (Chairman), SHRI. S. A. RAMESH RANGAN(Managing Director)
Products Loans, Savings, Investment vehicles, etc.
Net income Increase Rs. 730.24 Crore (March 2013)
Website www.sbp.co.in


State Bank of Patiala is an associate bank of State Bank of India. State Bank of Patiala (SBP), originally named Patiala State Bank, and currently an associate bank of the State Bank of India, was founded on 17 November 1917. SBP was founded by Maharaja Bhupinder Singh, Maharaja of the princely state of Patiala of Undivided India, and the functions of the Bank included the normal functions of commercial banks, as also some functions similar to functions of a central bank for the princely state of Patiala.

After India’s independence, the Bank was made a wholly owned subsidiary of the Government of Punjab. On 1 April 1960, SBP was accorded the status of an Associate bank of the State Bank Group. Presently, the State Bank of Patiala has a network of 1035 service outlets, including 1010 branches, in all major cities of India, but most of the branches are located in the Indian states of Punjab, Haryana, Himachal Pradesh, Rajasthan, Madhya Pradesh, Jammu & Kashmir, Delhi and Gujarat.

History[edit]

The rich heritage of State Bank of Patiala dates back to the year 1917, when it was founded by Late His Highness Bhupinder Singh, Maharaja of erstwhile Patiala state, with one branch by the name of 'Chowk Fort, Patiala' to begin with. The Bank, then known as the 'Patiala State Bank' was state owned and setup for the explicit purpose of fostering growth of agriculture, trade and industry. The constitution, scope and operations of the Bank underwent a sea change with the formation of the Patiala and east Punjab States Union (PEPSU) in 1948.The Bank was then reorganized and brought under the control of Reserve Bank of India.

It was christened as the Bank of Patiala. Another milestone in history of the Bank was its becoming a subsidiary of the State Bank of India on 1st April,1960 when it was named as the State Bank of Patiala and since then it has grown significantly both in size and volume of business. During these glorious years, the Bank has been playing an important role in Banking sphere.

Our Bank has now added a golden chapter to its history by fully networking all its brances on Core Banking Solutions on 08.08.2005 and become the first fully networked Public Sector Bank in the country.

Logo and slogan[edit]

  • The logo of the State Bank of Patiala is a blue circle with a small cut in the bottom that depicts perfection and the small man the common man - being the center of the bank's business. The logo came from National Institute of Design(NID), Ahmedabad and it was inspired by Kankaria Lake, Ahmedabad.[1]
  • Slogans: "PURE BANKING, NOTHING ELSE", "WITH YOU - ALL THE WAY", "A BANK OF THE COMMON MAN", "THE BANKER TO EVERY INDIAN", "THE NATION BANKS ON US"

Major competitors[edit]

Some of the major competitors for SBI in the banking sector are Axis Bank, ICICI Bank, HDFC Bank, Punjab National Bank, Bank of Baroda, Canara Bank and Bank of India. However in terms of average market share, SBI is by far the largest player in the market.[2]

Branches And ATM Services[edit]

The business of State Bank of Patiala has grown manifold since its establishment. Recent records say that State Bank of Patiala is networked by its 830 service outlets. There are more than 1000 branches of SBP, spread across the major cities of India, out of which, the majority of branches are located in its home State, Haryana, Himachal Pradesh, Rajasthan, Jammu & Kashmir, Delhi and Chandigarh. The Bank provides easy access to money to its customers through its ATMs spread over 16 states of India.

It was the first bank in India to go on CORE 100%.

Contact[edit]

State Bank of Patiala

Head Office, The Mall

Patiala - 147 001

Punjab

India

Website: www.sbp.co.in

Phone: 0175-2304943, 2215078 (Numbers do not exist).Telephone network

See also[edit]

External links[edit]

References[edit]