State Bank of Bikaner & Jaipur
Encyclopedia
State Bank of Bikaner & Jaipur (SBBJ) (in Hindi स्टेट बैंक ऑफ बीकानेर एण्ड जयपुर) is an associate bank of State Bank of India
. Currently, SBBJ has over 848 branches, mostly located in the state of Rajasthan
, India
. Its branch network out of Rajasthan covers all the major business centers of India. In 1997, the Bank entered in the capital market with an Initial Public Offering
of 13,60,000 shares at a premium of Rs 440 per share.
(established in 1943), were merged. Both these banks were subsidiaries of the State Bank of India under the State Bank of India (Subsidiary Bank) Act, 1959. On April 25, 1966 SBBJ took over Govind Bank, Mathura.
In 1984 SBBJ sponsored and established Ganganagar
Kshetriya Gramin Bank as a Regional Rural Bank
. Thereafter, in 1985 SBBJ opened the Bikaner Kshetriya Gramin Bank, the second Regional Rural Bank sponsored by it. The third Regional Rural Bank, sponsored by SBBJ was Marwar
Gramin Bank covering the districts of Pali
, Jalore
and Sirohi
. On 12 June 2006, SBBJ merged all three Regional Rural Banks sponsored by SBBJ were merged and the merged entity was named MGB Gramin Bank, with headquarters in Pali
.
State Bank of India
The State Bank of India is the largest Indian banking and financial services company with its headquarters in Mumbai, India. It is state-owned. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest...
. Currently, SBBJ has over 848 branches, mostly located in the state of Rajasthan
Rajasthan
Rājasthān the land of Rajasthanis, , is the largest state of the Republic of India by area. It is located in the northwest of India. It encompasses most of the area of the large, inhospitable Great Indian Desert , which has an edge paralleling the Sutlej-Indus river valley along its border with...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. Its branch network out of Rajasthan covers all the major business centers of India. In 1997, the Bank entered in the capital market with an Initial Public Offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
of 13,60,000 shares at a premium of Rs 440 per share.
History
State Bank of Bikaner & Jaipur came into existence on 1963 when two banks, namely, State Bank of Bikaner (established in 1944) and State Bank of JaipurJaipur
Jaipur , also popularly known as the Pink City, is the capital and largest city of the Indian state of Rajasthan. Founded on 18 November 1727 by Maharaja Sawai Jai Singh II, the ruler of Amber, the city today has a population of more than 3.1 million....
(established in 1943), were merged. Both these banks were subsidiaries of the State Bank of India under the State Bank of India (Subsidiary Bank) Act, 1959. On April 25, 1966 SBBJ took over Govind Bank, Mathura.
In 1984 SBBJ sponsored and established Ganganagar
Ganganagar
Sri Ganganagar , also called Ganganagar , is the northernmost city of Rajasthan in western India. It is the administrative headquarters of Ganganagar District.-History:...
Kshetriya Gramin Bank as a Regional Rural Bank
Regional Rural Bank
The Government of India set up Regional Rural Banks on October 2, 1975.Initially, five RRBs were set up on October 2, 1975 which were sponsored by Syndicate Bank, State Bank of India, Punjab National Bank, United Commercial Bank and United Bank of India...
. Thereafter, in 1985 SBBJ opened the Bikaner Kshetriya Gramin Bank, the second Regional Rural Bank sponsored by it. The third Regional Rural Bank, sponsored by SBBJ was Marwar
Marwar
Marwar is a region of southwestern Rajasthan state in western India. It lies partly in the Thar Desert. In Rajasthani dialect "wad" means a particular area. The word Marwar is derived from Sanskrit word 'Maruwat'. English translation of the word is 'The region of desert'., The Imperial Gazetteer...
Gramin Bank covering the districts of Pali
Páli
- External links :* *...
, Jalore
Jalore
Jalor, also known as Jalore , is a city in Rajasthan state of western India. It is the administrative headquarters of Jalor District.- Geography :...
and Sirohi
Sirohi
Sirohi is a city in southern Rajasthan state in western India. It is the administrative headquarters of Sirohi District, and was formerly the capital of the princely state of the same name. Nearest railway station to Sirohi is Sirohi Road station.-Geography:...
. On 12 June 2006, SBBJ merged all three Regional Rural Banks sponsored by SBBJ were merged and the merged entity was named MGB Gramin Bank, with headquarters in Pali
Páli
- External links :* *...
.
External links
- SBBJ Official site
- For Investors
- SBBJ Internet banking Official site
- MGB Gramin Bank Official site
- State Bank of Bikaner and Jaipur
- State Bank of Bikaner and Jaipur 2009 profit up at Rs 403.45 crore
- SBBJ
- State Bank of Bikaner and Jaipur
- Find IFSC Code of SBBJ branches in India, or Branch Details by IFSC Code