State Bank of Patiala
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| Public | |
| Traded as |
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| Industry |
Banking Insurance Capital Markets and allied industries |
| Founded | Patiala, 1917 |
| Headquarters | Head Office, The Mall, Patiala 147 002 India |
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Key people
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Smt. Arundhati Bhattacharya (Chairman), Shri. S. A. Ramesh Rangan(Managing Director) |
| Products | Loans, Savings, Investment vehicles, etc. |
| Revenue |  ₹173,000 crore (US$27 billion) (2013) |
| ₹11,358.06 crore (US$1.8 billion) (2013) |
|
| Total assets | ₹116,709.10 crore (US$18 billion) (2013) |
| Total equity | ₹203,417.50 crore (US$32 billion) (2013) |
| Parent | State Bank of India |
| Website | www |
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 01 April 2017.
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.
Some of the major competitors for SBP in the banking sector were State Bank Of India, 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, SBP is by far the largest player in the market.
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