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The rich heritage of State Bank of Patiala
dates back to the year 1917, when it was
founded by Late His Highness Bhupinder
Singh, Maharaja of erstwhile Patiala state,
with one branch by the name of 'Chowk Fort,
Patiala' to begin with. The Bank, then known
as the 'Patiala State Bank' was state owned
and setup for the explicit purpose of
fostering growth of agriculture, trade and
industry. The constitution, scope and
operations of the Bank underwent a sea
change with the formation of the Patiala and
east Punjab States Union (PEPSU) in 1948.The
Bank was then reorganized and brought under
the control of Reserve Bank of India.
It was christened as the Bank of Patiala.
Another milestone in history of the Bank was
its becoming a subsidiary of the
State Bank of India
on 1st April,1960 when it was named as the
State Bank of Patiala and since then it has
grown significantly both in size and volume
of business. During these glorious years,
the Bank has been playing an important role
in banking sphere.
Our bank has now added a golden chapter
to its history by fully networking all its
brances on Core Banking Solutions on
08.08.2005 and become the first fully
networked Public Sector Bank in the country. |
