State Bank of Patiala

State Bank of Patiala, founded in 1917, was an associate bank of the State Bank Group. At the time of its merger, State Bank of Patiala had a network of 1445 service outlets, including 1314 branches, in all major cities of India, but most of the branches were located in the Indian states of Punjab, Haryana, Himachal Pradesh, Rajasthan, Jammu & Kashmir, Uttar Pradesh, Madhya Pradesh, Delhi, Gujarat and Maharashtra. It merged with State Bank of India on 1 April 2017.

State Bank of Patiala
TypePublic
Industry
FateMerged in State Bank of India in 2017
FoundedPatiala, 1917
Defunct2017
HeadquartersHead Office,
The Mall,
Patiala 147 002 India
Key people
  • Sh. Rajnish kumar (chairman)
  • Shri. S. A. Ramesh Rangan (managing director)
Products
  • Investment vehicles
  • Loans
  • Savings
Revenue ₹173,000 crore (US$24 billion) (2013)[1][2]
₹11,358.06 crore (US$1.6 billion) (2013)[1][2]
Total assets ₹116,709.10 crore (US$16 billion) (2013)[1][2]
Total equity ₹203,417.50 crore (US$29 billion) (2013)[1][2]
Number of employees
13178
ParentState Bank of India

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]

See also

References
  1. "Annual Report 2012–13" (PDF). SBI. 23 May 2013. Retrieved 10 October 2013.
  2. "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/
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