Home Home | Contact Us contact  
|
|
|
|
|
|
|
  Hindi Link
Toll Free: 1800-180-2010 Feedback  
 
 
     
  Right to Information ACT  
     
  RTI – Disclosure under Sec (4) of RTI Act, 2005  
  Bank Profile

State Bank of Patiala was originally established by the Maharaja of Patiala on Diwali Day in 1917 as Patiala State Bank. It became a subsidiary of State Bank of India under the State Bank of India (Subsidiary Banks) Act, 1959 and was renamed as State Bank of Patiala on April 1, 1960. The core area of operation of the Bank is Punjab, Haryana, Himachal Pradesh, Chandigarh and Delhi. From a small network of 47 branches with business level of merely Rs.15 crores in December 1960, the Bank has grown to a network of 1060 branches and 25 Extension Counters spread over 20 States and 1 UT, and total business of more than Rs. 1,45,000 crores as on 30TH JUNE 2012.
 
  ORGANISATION  
  LIST OF MEMBERS ON THE BOARD OF DIRECTORS AS ON 01.07.2012.  
 
1) Shri Pratip Chaudhuri
Chairman,
State Bank of India,
Corporate Centre,
MUMBAI
8) Shri Vijay Chugh,
Chief General Manager,
Department of Payment & Settlement Systems,
Reserve Bank of India,
14th Floor,Central Office Building,
Shaheed Bhagat Singh Marg,
MUMBAI 400001
2) Shri Shyamal Acharya.
Dy. Managing Director & Group Executive (Associates & Subsidiaries),
State Bank of India,
Corporate Centre,
MUMBAI 400021
9) Shri Srikant Hota,
Dy. General Manager
(Associates & Subsidiaries),
State Bank of India,
Corporate Centre,
MUMBAI 400021.
3) Shri Achal Kumar Gupta
Managing Director,
State Bank of Patiala,
Head Office,The Mall,
PATIALA 147001.
10) Shri Verjinder Kumar Gupta,
261, Dalima Vihar,
RAJPURA 140401
4) Shri A.K. Deb,
Chief General Manager
(Associates & Subsidiaries),
State Bank of India,
Corporate Centre, MUMBAI 400021.
11) Shri Arun Kumar Agarwal
B-142, Shivalik,
Malviya Nagar,
New Delhi 110017.
5) Shri Jagdish Sharma,
Workmen Director,
State Bank of Patiala,
Shastri Bhawan Branch,
NEW DELHI
12) Shri Ashwani Kumar Gupta,
85, Green Park,
Cool Road,
JALANDHAR CITY
6) Shri Swarn Singh Boparai,
House No. 67,
Sector 9 A,
CHANDIGARH.
13) Dr. Abhijit Mukherjee,
Director,
Thapar University,
Patiala
7) Shri Meher Singh Azad,
Under Secretary, Government of India, Ministry of Finance,
Department of Financial Services,
Jeevan Deep Building, Sansad Marg,
NEW DELHI 110001.
 
 
  -----------------------------------------------------------------------------  
  LIST OF MEMBERS ON EXECUTIVE COMMITTEE OF THE BOARD AS ON 01.07.2012.  
 
1) Shri Achal Kumar Gupta,
Managing Director,
State Bank of Patiala,
Head Office,
The Mall,
PATIALA 147001.
5) Shri A.K. Deb,
Chief General Manager
(Associates & Subsidiaries),
State Bank of India,
Corporate Centre,
MUMBAI 400021.
2) Shri Srikant Hota,
Dy.General Manager
(Associates & Subsidiaries),
State Bank of India,
Corporate Centre,
MUMBAI 400021.
6) Shri Meher Singh Azad,
Under Secretary,
Government of India,
Department of Financial Services,
Ministry of Finance,
NEW DELHI 110001.
3) Shri Verjinder Kumar Gupta,
261, Dalima Vihar,
RAJPURA 140401
7) Shri Ashwani Kumar Gupta
85, Green Park, Cool Road,
JALANDHAR CITY
4) Shri Jagdish Sharma,
Workmen Director,
State Bank of Patiala,
Shastri Bhawan Branch,
NEW DELHI.
 
 
  -----------------------------------------------------------------------------  
  Audit Committee of the Board of Directors  
 
1) Shri Ashwani Kumar Gupta,
85, Green Park,
Cool Road, JALANDHAR CITY
3) Shri B.S. Gopalakrishna,
General Manager,
(Associates & Subsidiaries),
State Bank Of India, Corporate Centre, MUMBAI.
OR
Shri B. Ramesh Babu,
Deputy General Manager,
(Associates & Subsidiaries),
State Bank Of India, Corporate Centre, MUMBAI.
2) Dr. Amarendra Sahoo,
Regional Director,
Reserve Bank Of India, LUCKNOW
4) Shri Swaran Singh Boparai,
House No. 67, Sector 9-A,
CHANDIGARH.
 
  -----------------------------------------------------------------------------  
  ORGANISATION CHART (Please click here to view organization chart)  
  1) Powers

The Bank has delegated financial powers in respect of Advances and General Matters to its different functionaries through internal instructions. This includes financial powers delegated to various Committees like Head Office Credit Committee (HOCC)-I, Head Office Credit Committee (HOCC)-II, Head Office Credit Committee (HOCC III) and Zonal Office Credit Committees.

2) Duties

The duties of the Officers and employees are broadly described in the Officer Service Regulations and Award Staff Bipartite settlements, which are settlements at the Banking Industry Level. This apart, the Bank has internally issued various guidelines, instructions regarding the duties to be performed for various functional areas.

Channels of Supervision

Bank has well established channels of supervision for managing its day to day operations. The Bank follows the 'Maker and Checker' principle for its financial transactions, which are now under computerized system. This apart, the Controlling Offices, Zonal Offices and Head Office through official visits/ periodical meetings supervises the operations of various functionaries. Various checks/inspections through Audit i.e., Internal/Statutory/RBI etc., are done to ensure proper conduct of banking transactions.

Accountability

The Bank has approved policy for examining accountability through Disciplinary process for Award Staff and Officers separately. A separate Vigilance Department has also been set up at the Bank's Head Office.

Norms set to discharge its functions

The Bank has laid down norms for acceptance of deposits, sanction of advances and other ancillary banking services like Lockers/Remittances/Cross Selling/Collections etc.

Rules, Regulations, Instructions, Manual and Records

There are a number of documents like Book of Instructions, Manuals, and Codified Circulars etc. Bank has well laid down and approved Policies, Rules, Regulations, Instructions, Manuals used by the Bank for discharging its various functions. We give a list of some of such guidelines as under:
 
  -----------------------------------------------------------------------------  
  List of Policies framed by the Bank for different purposes  
 
  • Investment Policy.
  • Domestic trading Policy.
  • Forex Trading Policy.
  • Policy on Derivatives.
  • Operational Risk Management Policy.
  • Integrated Risk Management Policy.
  • Outsourcing Policy.
  • Mobile Banking Policy.
  • Policy on Disclosures under Pillar-III.
  • Credit Risk Mitigation and Collateral Management Policy.
  • Credit Risk Management Policy.
  • ICAAP Policy.
  • Asset Liability Management (ALM) policy.
  • Investment Policy.
  • Market Risk Management Policy.
  • Stress Testing Policy.
  • Donations Policy.
  • Deposit Policy on Bank Deposits.
  • Compensation Policy.
  • Grievances Redressal Policy.
  • Policy on Acquisition of Commercial Area on Lease/Rent etc.,
 
  Records

Bank maintains records at all of its offices and branches. All the records generated are maintained and a record management and retention policy is adopted by the Bank.

Categories of Records/Documents held by the Bank.

Records/documents mainly includes Loan Documents executed by Bank’s customers for raising loans, Account Opening Forms for various schemes, Lease Deeds in respect of premises taken on lease and the Title Deeds in respect of premises owned by the Bank, Audit Reports, Statutory Reports submitted to RBI and other regulators and Ministry of Finance etc.

Statement on Committees and other Bodies

In addition to the information provided above, the Bank has formulated various committees for different purposes. A list of these committees is furnished.
 
  List of Various Committees formed by the Bank for different purposes.  
 
  • Head Office Credit Committee I and II
  • Head Office Credit Committee III
  • Zonal Office Credit Committees
  • Customer Service Committee (CSC)
  • Operational Risk Management Committee (ORMC)
  • Market Risk Management Committee (MRMC)
  • Credit Risk Management Committee (CRMC)
  • Internal Premises Committee (IPC)
  • Asset Liability Committee (ALCO)
  • Internal Advisory Committee (IAC)
  • Central Management Committee (CMC)
  • Investment Committee(IC)
  • Performance Review Committee (PRC)
  • Co-ordination Committee
 
  -----------------------------------------------------------------------------  
  However, the committees are not open to the public and its minutes are not disclosed to the public.  
  Directory of Officers

There are a large numbers of officers/employees in the Bank who are also subject to periodic transfers. Scale wise summary of officers/employees is as below:

 
 
OFFICERS / Employees GRADE Number of officers / employees
Grade 8 2
Grade 7 6
Grade 6 30
Grade 5 103
Grade 4 397
Grade 3 1024
Grade 2 1604
Grade 1 1762
Single Window / Computer Operators 5026
Subordinates 3224
TOTAL 13178
 
  Branch List (Please click here for list of branches)  
  Monthly remuneration received by each of its officers and employee, including the system of compensation.

The salaries are paid as per the bipartite settlement/ joint agreement between Indian Banks Association (IBA) and different unions/Associations and these are paid by crediting to respective accounts of the employees.

The current scales of pay of various categories of employees are as under
 
 
Officers  
Scale- 1 14500-600-18700-700-20100-800-257001
Scale- 11 19400-700-20100-800-28100
Scale-111 25700-800-29700-900-31500
Scale- IV 30600-900-34200-1000-36200
Scale- V 36200-1000-38200-1100-40400
Scale- VI 42000-1200-46800
Scale-VII 46800-1300-52000
Clerical Staff  
7200-400-8400-500-9900-600-12300-700  
17200-1300-18500-800-19300 (20 years)
Subordinate Staff  
5850-200-6650-250-7900-300-9100-350  
10150-400-11350 (20 years)
 
     
  Business Budgets for the Bank

Banks main activity is lending and acceptance of deposits. It is an independent entity and its activities are not dependant on budgetary grants. Bank’s annual and quarterly financial results are available in the web site of the bank.
 
  -----------------------------------------------------------------------------  
  Bank’s products:

The Bank offers following products and services in various segments which are available in the Bank’s web site www.sbp.co.in

The Bank has no subsidy programmes or plans for lending activities except implementation of Subsidy linked schemes of various Governments and Statutory Bodies.

The details on various products and the subsidy linked programmes implemented by the Bank, if any can be viewed through the following links.
 
   
  Details of information available in electronic form:

The entire working of the Bank is on Computerized and electronic banking platform and as such, access to such records of the customers in respect of their account is available to customers through internet banking facility or on demand.
 

Online SBP
Home | Feedback | Disclaimer | RTI | Contact Us | EMI Calculator | Sitemap | US Patriot Act
Copyright 2010 - 2011 State Bank of Patiala, All rights reserved.