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Company type | Public |
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Industry |
|
Founded | Patiala, 1917 |
Defunct | 2017 |
Fate | Merged in State Bank of India in 2017 |
Headquarters | Head Office, The Mall, Patiala 147 002 India |
Key people |
|
Products |
|
Revenue | ₹173,000 crore (US$21 billion) (2013) [1] [2] |
₹11,358.06 crore (US$1.4 billion) (2013) [1] [2] | |
Total assets | ₹116,709.10 crore (US$14 billion) (2013) [1] [2] |
Total equity | ₹203,417.50 crore (US$24 billion) (2013) [1] [2] |
Number of employees | 13178 |
Parent | State Bank of India |
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, Haryana, Himachal Pradesh, Rajasthan, Jammu & Kashmir, Uttar Pradesh, Madhya Pradesh, Delhi, Gujarat and Maharashtra.
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. By 1927, it had five branches. It primarily engaged in providing short-term credit to grain dealers and other traders. [3]
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. In 1949, the Bank absorbed Bank of Faridkot and Jind Cooperative Bank, [4] [lower-alpha 1] though it subsequently gave up the cooperative business. The two acquired banks had been operating in neighboring princely states.
In 1950, Bank of Patiala started opening offices outside Patiala and East Punjab States Union. In 1952 it established a branch at Delhi. By 1959 the bank had 48 offices. [5]
On 1 April 1960 Bank of Patiala became a subsidiary of State Bank of India and was renamed State Bank of Patiala. In April it absorbed Kalsia State Bank. [4] [lower-alpha 2]
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, Ahmedabad. [6]
Punjab, also known as the Land of the Five Rivers, is a geopolitical, cultural, and historical region in South Asia. It is specifically located in the northwestern part of the Indian subcontinent, comprising areas of modern-day eastern-Pakistan and northwestern-India. Punjab's major cities are Lahore, Faisalabad, Rawalpindi, Gujranwala, Multan, Ludhiana, Amritsar, Sialkot, Chandigarh, Shimla, Jalandhar, Patiala, Gurugram, and Bahawalpur.
India is a federal union comprising 28 states and 8 union territories, for a total of 36 entities. The states and union territories are further subdivided into 785 districts and smaller administrative divisions.
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The Patiala and East Punjab States Union (PEPSU) was a state of India, uniting eight princely states between 1948 and 1956. The capital and principal city was Patiala. The state covered an area of 26,208 km2. Shimla, Kasauli, Kandaghat and Chail also became part of PEPSU.
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The Punjab Province was a province of British India. Most of the Punjab region was annexed by the British East India Company on 29 March 1849; it was one of the last areas of the Indian subcontinent to fall under British control. In 1858, the Punjab, along with the rest of British India, came under the rule of the British Crown. It had a land area of 358,355 square kilometers.
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East Punjab was a province of India from 1947 until 1950. It consisted parts of the Punjab province that remained in India following the partition of the province between the new dominions of Pakistan and the Indian Union by the Radcliffe Commission in 1947. The mostly Muslim western parts of the old Punjab became Pakistan's West Punjab, later renamed as Punjab Province, while the mostly Hindu and Sikh eastern parts remained with India.
The Punjab States Agency was an agency of the British Raj. The agency was created in 1921, on the model of the Central India Agency and Rajputana Agency, and dealt with forty princely states in northwest India formerly dealt with by the Province of Punjab.
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The Phulkian Dynasty of Maharajas or sardars were Sikh rulers and aristocrats in the Punjab region of India. They governed the states of Faridkot, Jind, Nabha, Malaudh, Bhadaur, Badrukhan and Patiala, allying themselves with the British Raj as per the Cis-Sutlej treaty. Members of the Phulkian dynasty, who are the direct descendants of Rawal Jaisal, the founder of Jaisalmer, migrated to the present-day Malwa region in Punjab.
Nabha State, with its capital at Nabha, was one of the Phulkian princely states of Punjab during the British Raj in India. Nabha was ruled by Jat Sikhs of the Sidhu clan.
Punjab is home to 2.3% of India's population; with a density of 551 persons per km2. According to the provisional results of the 2011 national census, Punjab has a population of 27,743,338, making it the 16th most populated state in India. Of which male and female are 14,639,465 and 13,103,873 respectively. 32% of Punjab's population consists of Dalits. In the state, the rate of population growth is 13.9% (2011), lower than national average. Out of total population, 37.5% people live in urban regions. The total figure of population living in urban areas is 10,399,146 of which 5,545,989 are males and while remaining 4,853,157 are females. The urban population in the last 10 years has increased by 37.5%. According to the 2011 Census of India, Punjab, India has a population of around 27.7 million.
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Jind State was a princely state located in the Punjab region of north-western India. The state was 3,260 km2 (1,260 sq mi) in area and its annual income was Rs.3,000,000 in the 1940s. Jind was founded and ruled by Jat Sikh rulers of Sidhu clan.
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