State Bank of Saurashtra
State Bank of Saurashtra (SBS) is one of the Associate Banks of State Bank of India. The history of the establishment of SBS can be traced back to pre-independence period. Prior to 1948, the region of Saurashtra (a part of the present day Gujarat), consisted many small, medium and large princely states. The larger states of Saurashtra included Bhavnagar, Rajkot and Porbandar, while Palitana and Vadia were its smaller states. These states established their own Darbar (palace). Out of the…
State Bank of Patiala
An Associate Bank of the State Bank of India, State Bank of Patiala (SBP) was established in 1917 by Late His Highness Bhupinder Singh, the Maharaja of erstwhile Patiala state. SBP started its operations from one branch called 'Chowk Fort', in Patiala. During the time of the establishment, the state owned Bank was known as Patiala State Bank. It was set up for the purpose of promoting the growth of agriculture, trade and industry. The operations of Patiala State Bank…
State Bank of Mysore
State Bank of Mysore was originally established as Bank of Mysore Ltd. in 1913, under the sponsorship of the erstwhile Government of Mysore. Engineer-Statesman Late Dr. headed the banking committee during the time, to establish the Bank. In March 1960, the Bank became a subsidiary of State Bank of India, which holds of its shares. In the present time, State Bank of Mysore caters to its customers through its wide network of branches, spread in different parts of India. Branches…
State Bank of Indore
One of the nationalized banks in India, State Bank of Indore was formerly named as Bank of Indore Ltd. It was established under a special charter of His Highness Maharaja Tukojirao Holker-III, the then ruler of Malwa region. The Bank is also known as Indore Bank in Malwa region. It became a subsidiary of State Bank of India on 1 January 1960, under the State Bank of India Subsidiary Banks Act, 1959. Bank of Indore Ltd. and came to be…
State Bank of India
The evolution of State Bank of India (SBI) can be traced back to the first decade of the 19th century. It began with the establishment of the Bank of Calcutta in Calcutta, on 2 June 1806. The bank was redesigned as the Bank of Bengal, three years later, on 2 January 1809. It was the first ever joint-stock bank of the British India, established under the sponsorship of the Government of Bengal. Subsequently, the Bank of Bombay (established on 15…
State Bank of Hyderabad
A subsidiary of State Bank of India, State Bank of Hyderabad was established as Hyderabad State Bank on 8 August 1941. The Bank started its operations with the distinction of being the central bank of the princely state of Hyderabad, covering the present-day Telangana region of Andhra Pradesh, Hyderabad-Karnataka of Karnataka and Marathwada of Maharashtra, when it was established. Apart from functioning as a commercial bank, it managed Osmania Sikka (the currency of Hyderabad in those days) and managed public…
State Bank of Bikaner and Jaipur (SBBJ)
A subsidiary of State Bank of India, State Bank of Bikaner and Jaipur (SBBJ) is one of the reputed banks of Rajasthan. SBBJ was established in 1963, when the erstwhile State Bank of Jaipur (founded in 1943) and State Bank of Bikaner (founded in 1944) were amalgamated. Headquartered in Rajasthan, the Bank is nationalized, with its branches located at all the important centers in India. SBBJ has 860 branches out of which, 849 are business branches, eight are service branches,…
Punjab National Bank (PNB)
Punjab National Bank (PNB) is the second largest government-owned commercial bank in India. Having more than crore customer, Punjab National Bank has one of the largest branch networks in India. The bank's assets for financial year 2007 were about US$60 billion. Products and Services Savings Fund Account - Total Freedom Salary Account, PNB Prudent Sweep, PNB Vidyarthi SF Account, PNB Mitra SF Account Current Account - PNB Vaibhav, PNB Gaurav, PNB Smart Roamer Fixed Deposit Schemes - Spectrum Fixed Deposit…
Punjab & Sind Bank
Punjab & Sind Bank, established in 1908, is headquartered at New Delhi. Having more than 800 branches across the country, the bank has around 10,000 employees dedicated to the banking services and customer care. The bank offers usual banking services along with innovative banking methods including Internet and phone banking, international banking, merchant banking, hire, purchase, leasing and credit cards. Objective The bank was founded by luminaries like Bhai Vir Singh, Sir Sunder Singh Majitha and Sardar Tarlochan Singh in…
Oriental Bank of Commerce (OBC)
Established on 19th Feb' 1943 in Lahore, Oriental Bank of Commerce (OBC) is one of the public sector banks in India. Its modest beginning is creditable to its founder Late Rai Bahadur Lala Sohan Lal, the first Chairman of the OBC. Within four years of coming into existence, the country partitioned, the Bank shifted its Registered Office from Lahore to Amritsar. The Oriental Bank of Commerce was nationalized on 15th April 1980, and paved its way to count amongst the…