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. By 1927, it had five branches. It primarily engaged in providing short-term credit to grain dealers and other traders.[3]
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. In 1949, the Bank absorbed Bank of Faridkot and Jind Cooperative Bank,[4][a] though it subsequently gave up the cooperative business. The two acquired banks had been operating in neighboring princely states.
In 1950, Bank of Patiala started opening offices outside Patiala and East Punjab States Union. In 1952 it established a branch at Delhi. By 1959 the bank had 48 offices.[5]
On 1 April 1960 Bank of Patiala became a subsidiary of State Bank of India and was renamed State Bank of Patiala. In April it absorbed Kalsia State Bank.[4][b]
Logo and sloganedit
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.[6]
^""SBI bank logo was inspired by Kankaria lake"". Deshgujarat.com. 19 February 2014. Retrieved 18 April 2021.
Sourcesedit
Ray, Abhik (2009). The evolution of the State Bank of India: The era from 1995 to 1980. Vol. 4. Penguin Books India.
Walia, Ramesh (1972). Praja Mandal Movement in East Punjab States. Department of Punjab Historical Studies, Punjabi University.
January 01, 1970
state, bank, patiala, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, april. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources State Bank of Patiala news newspapers books scholar JSTOR April 2014 Learn how and when to remove this message State Bank of Patiala founded in 1917 was an associate bank of the State Bank Group It merged with State Bank of India on 1 April 2017 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 amp Kashmir Uttar Pradesh Madhya Pradesh Delhi Gujarat and Maharashtra State Bank of PatialaCompany typePublicTraded asBSE 501061NSE SBPIndustryBankingCapital Markets and allied industriesInsuranceFoundedPatiala 1917Defunct2017FateMerged in State Bank of India in 2017HeadquartersHead Office The Mall Patiala 147 002 IndiaKey peopleSh Rajnish kumar chairman Shri S A Ramesh Rangan managing director ProductsInvestment vehiclesLoansSavingsRevenue 173 000 crore US 22 billion 2013 1 2 Net income 11 358 06 crore US 1 4 billion 2013 1 2 Total assets 116 709 10 crore US 15 billion 2013 1 2 Total equity 203 417 50 crore US 25 billion 2013 1 2 Number of employees13178ParentState Bank of India Contents 1 History 2 Logo and slogan 3 See also 4 Notes 5 References 6 SourcesHistory editHis 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 By 1927 it had five branches It primarily engaged in providing short term credit to grain dealers and other traders 3 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 In 1949 the Bank absorbed Bank of Faridkot and Jind Cooperative Bank 4 a though it subsequently gave up the cooperative business The two acquired banks had been operating in neighboring princely states In 1950 Bank of Patiala started opening offices outside Patiala and East Punjab States Union In 1952 it established a branch at Delhi By 1959 the bank had 48 offices 5 On 1 April 1960 Bank of Patiala became a subsidiary of State Bank of India and was renamed State Bank of Patiala In April it absorbed Kalsia State Bank 4 b Logo and slogan editThe 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 6 See also edit nbsp Banks portal Banking in India List of banks in IndiaNotes edit Jind Cooperative Bank was opened on 6 December 1922 at Bada Chowk Sangrur Kalsia State Bank had only one branch and the managing director was also the State Accountant General 3 References edit a b c d Annual Report 2012 13 PDF SBI 23 May 2013 Retrieved 10 October 2013 a b c d Fortune Global 500 2013 State Bank of India CNN Retrieved 10 October 2013 a b Walia 1972 p 39 a b Bankers Almanac 1995 Volume 2 p 3146 Ray 2009 p 934 SBI bank logo was inspired by Kankaria lake Deshgujarat com 19 February 2014 Retrieved 18 April 2021 Sources editRay Abhik 2009 The evolution of the State Bank of India The era from 1995 to 1980 Vol 4 Penguin Books India Walia Ramesh 1972 Praja Mandal Movement in East Punjab States Department of Punjab Historical Studies Punjabi University Retrieved from https en wikipedia org w index php title State Bank of Patiala amp oldid 1161907785, wikipedia, wiki, book, books, library,
