State Bank of Patiala

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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, founded in 1917, is associate bank of the State Bank Group. Presently, 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]

His Highness Bhupinder Singh, Maharaja of Patiala State, founded the Patiala State Bank on 17 November 1917 to foster growth of agriculture, trade and industry. The bank combined the functions of a commercial bank and those of a central bank for the princely state of Patiala. The bank had one branch at Chowk Fort, Patiala, Undivided India.

The formation of the Patiala and East Punjab States Union in 1948 led to the bank being reorganized, being brought under the control of the Reserve Bank of India, and being renamed Bank of Patiala. On 1 April 1960 Bank of Patiala became a subsidiary of State Bank of India and was renamed State Bank of Patiala.

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]