State Bank of Patiala
Encyclopedia
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 bank
s, 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.
Branches And ATM Services
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
State Bank of Patiala
Head Office, The Mall
Patilala - 147 001
Punjab
India
Website: www.sbp.co.in
Phone: 0175-2304943, 2215078
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...
. State Bank of Patiala (SBP), originally named Patiala State Bank, and currently an associate bank of the State Bank of India
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...
, was founded on 17 November 1917. SBP was founded by Maharaja Bhupinder Singh
Maharaja Bhupinder Singh
Maharaja Bhupinder Singh, GCSI, GCIE, GCVO, GBE was the ruling Maharaja of the princely state of Patiala from 1900 to 1938.- Biography :...
, Maharaja of the princely state of Patiala of Undivided India, and the functions of the Bank included the normal functions of commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
s, as also some functions similar to functions of a central bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
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
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...
. 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
Haryana
Haryana is a state in India. Historically, it has been a part of the Kuru region in North India. The name Haryana is found mentioned in the 12th century AD by the apabhramsha writer Vibudh Shridhar . It is bordered by Punjab and Himachal Pradesh to the north, and by Rajasthan to the west and south...
, Himachal Pradesh
Himachal Pradesh
Himachal Pradesh is a state in Northern India. It is spread over , and is bordered by the Indian states of Jammu and Kashmir on the north, Punjab on the west and south-west, Haryana and Uttar Pradesh on the south, Uttarakhand on the south-east and by the Tibet Autonomous Region on the east...
, 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...
, Madhya Pradesh
Madhya Pradesh
Madhya Pradesh , often called the Heart of India, is a state in central India. Its capital is Bhopal and Indore is the largest city....
, Jammu & Kashmir, Delhi
Delhi
Delhi , officially National Capital Territory of Delhi , is the largest metropolis by area and the second-largest by population in India, next to Mumbai. It is the eighth largest metropolis in the world by population with 16,753,265 inhabitants in the Territory at the 2011 Census...
and Gujarat.
Branches And ATM Services
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
State Bank of Patiala
Head Office, The Mall
Patilala - 147 001
Punjab
India
Website: www.sbp.co.in
Phone: 0175-2304943, 2215078