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 Punjab (; Punjabi: پنجاب ; ਪੰਜਾਬ ; ; also romanised as ''Panjāb'' or ''Panj-Āb'') is a geopolitical, cultural, and historical region in South Asia, specifically in the northern part of the Indian subcontinent, comprising a ...

Haryana Haryana (; ) is an Indian state located in the northern part of the country. It was carved out of the former state of East Punjab on 1 Nov 1966 on a linguistic basis. It is ranked 21st in terms of area, with less than 1.4% () of India's land a ...

Himachal Pradesh Himachal Pradesh (; ; "Snow-laden Mountain Province") is a state in the northern part of India. Situated in the Western Himalayas, it is one of the thirteen mountain states and is characterized by an extreme landscape featuring several peaks ...

Rajasthan Rajasthan (; lit. 'Land of Kings') is a state in northern India. It covers or 10.4 per cent of India's total geographical area. It is the largest Indian state by area and the seventh largest by population. It is on India's northwestern s ...

, Jammu & Kashmir,

Uttar Pradesh Uttar Pradesh (; , 'Northern Province') is a state in northern India. With over 200 million inhabitants, it is the most populated state in India as well as the most populous country subdivision in the world. It was established in 1950 ...

Madhya Pradesh Madhya Pradesh (, ; meaning 'central province') is a state in central India. Its capital is Bhopal, and the largest city is Indore, with Jabalpur, Ujjain, Gwalior, Sagar, and Rewa being the other major cities. Madhya Pradesh is the seco ...

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders ...

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

and Maharashtra.

History

His Highness Bhupinder Singh,

Maharaja of Patiala The Maharaja of Patiala was a maharaja in India and the ruler of the princely state of Patiala, a state in British India. The first Maharaja of Patiala was Baba Ala Singh (1695–1765). Yadavindra Singh became the maharaja on 23 March 1938. ...

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 A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

and those of a

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central b ...

for the princely state of

Patiala Patiala () is a city in southeastern Punjab, northwestern India. It is the fourth largest city in the state and is the administrative capital of Patiala district. Patiala is located around the '' Qila Mubarak'' (the 'Fortunate Castle') construct ...

. The bank had one branch at Chowk Fort,

Undivided India Akhand Bharat (), also known as Akhand Hindustan, is a term for the concept of a unified Greater India. The idea of Akhand Bharat in it's most widely accepted form is that Afghanistan, Bangladesh, Pakistan, Bhutan, Nepal, Maldives, Myanm ...

. 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 The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible f ...

, 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 Kankaria Lake is the second largest lake in Ahmedabad, Gujarat, India. It is located in the south-eastern part of the city, in the Maninagar area. It was completed in 1451 during the reign of Sultan Qutb-ud-Din Ahmad Shah II though its origin ...

, Ahmedabad.

References

{{Authority control State Bank of India Banks established in 1917 Organisations based in Patiala Defunct banks of India Indian companies established in 1917 Indian companies disestablished in 2017 Banks disestablished in 2017 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange

History

Logo and slogan

See also

References