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State Bank of Patiala

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STATE BANK OF PATIALA
Company typePublic
IndustryBanking
Insurance
Capital Markets and allied industries
FoundedPatiala, 1917
HeadquartersHead Office,
The Mall,
Patiala 147 002 India
Key people
Smt. Arundhati Bhattacharya (Chairman), Shri. S. A. Ramesh Rangan(Managing Director)
ProductsLoans, Savings, Investment vehicles, etc.
RevenueIncrease ₹173,000 crore (US$21 billion) (2013)[1][2]
Increase ₹11,358.06 crore (US$1.4 billion) (2013)[1][2]
Total assetsIncrease ₹116,709.10 crore (US$14 billion) (2013)[1][2]
Total equityIncrease ₹203,417.50 crore (US$24 billion) (2013)[1][2]
Websitewww.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 1445 service outlets, including 1314 branches, in all major cities of India, but most of the branches are located in the Indian states of Punjab, Haryana, Himachal Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh, Jammu & Kashmir, Delhi,Gujarat and Maharashtra.

History

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

  • 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.[3]
  • 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", "GRAHAK DEVO BHAV"

Major competitors

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.[4]

Branches And ATM Services

The State Bank of Patiala has more than 1300 branches, spread across the major cities of India. The majority ofits branches are located in Punjab, Haryana, Himachal Pradesh, Uttar 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

State Bank of Patiala

Head Office, The Mall

Patiala - 147 001

Punjab

India

Website: www.sbp.co.in

See also

References

  1. ^ a b c d "Annual Report 2012-13" (PDF). SBI. 23 May 2013. Retrieved 10 October 2013.
  2. ^ a b c d "Fortune 'Global 500' 2013:State Bank of India". CNN. Retrieved 10 October 2013.
  3. ^ http://deshgujarat.com/2014/02/19/sbi-logo-was-inspired-by-kankaria-lake/
  4. ^ "Competitors of SBI in India - Equitymaster".


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