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The State Bank of Saurashtra was a government-owned bank in India, with its headquarters at Bhavnagar. [1] It was one of the seven Associate Banks of the State Bank of India, with which it merged on 13 August 2008. At the time of the merger, the bank had a network of 423 branches spread over 15 states and the Union Territory of Daman and Diu.
Prior to 1948, the region of Saurashtra, which at present forms a part of Gujarat State, comprised many small, medium and large princely states. Bhavnagar, Rajkot, and Jamnagar, which were among the larger states, and two smaller states, Palitana and Vadia, had established their own Darbar (meaning Palace) Banks, the oldest of which was Bhavnagar Darbar Bank, established in 1902. These banks mainly catered to the needs of the governments of their respective princely states, and acted as depositories for local savings. After the establishment of Saurashtra state in 1948, there was a parallel amalgamation of these banks. The Bhavnagar Darbar Bank became the State Bank of Saurashtra, under the Saurashtra State Banks (Amalgamation) Ordinance, 1950 (renamed as the State Bank of Saurashtra Act, 1950 by the 3rd schedule of the State Bank of India (Subsidiary Banks) Act, 1959 [2] ), and the four Darbar Banks - Rajkot State Bank, [Note 1] Porbandar State Bank, [Note 2] Palitana Darbar Bank, [Note 3] and Vadia State Bank [Note 4] - were merged with it with effect from 1 July 1950 as its branches. At the close of 1950 the Bank had only 9 branches and deposits of Rs.7 crores. [1]
In 1960, following the formation of a separate Gujarat State, the bank's main area of operation - Saurashtra - became a part of Gujarat. At the same time, the State Bank of India took over the State Bank of Saurashtra, along with the other major state-owned banks under the State Bank of India (Subsidiary Banks) Act, 1959. By this time, the number of branches had increased to 24, with aggregate deposits of Rs.13.39 crores, total advances of Rs.7.93 crores, and an investment portfolio of Rs.8.04 crores. The paid up capital and reserves were Rs.1.51 crores. The bank also had 866 employees.
The bank's first chairman was Jagubhai S. Parikh, and he served until 1960. He was the Deputy Chief Minister of Bhavnagar State Cabinet and was the first Finance Minister in the post-Independence Saurashtra Cabinet.
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Porbandarpronunciation (help·info) is a city in the Indian state of Gujarat, perhaps best known for being the birthplace of Mahatma Gandhi and Sudama. It is the administrative center of the Porbandar District and it was the former capital of the Porbandar princely state. As the birthplace of one of the most famous leaders of the world, Porbandar has a significant tourism-led infrastructure and economy. The area around Mahatma Gandhi's home has been renovated to make a temple of peace.
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Saurashtra, also known as United State of Kathiawar, was a State of India that existed between 1948 and 1956, on Saurashtra alias Kathiawar peninsula, with Rajkot as its capital,
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The Kingdom of Rajpipla or Rajpipla State was a princely state, with full internal jurisdiction, in India ruled by the Gohil Rajput dynasty for over 600 years from around 1340 till 1948. It was the largest State, and the only first-class State, of the Rewa Kantha Agency.. Among Gujarat States, Rajpipla State was the second-largest after Baroda (Vadodara) in terms of size and importance. The Gohil Rajput dynasty of Rajpipla survived the onslaught of the Sultans of Ahmedabad and the Mughals during the mediaeval period, and the Gaekwars of Baroda and the British in the modern period, to emerge as a well-administered State with contemporary infrastructure, policies and practices by the time it was merged with the Union of India on 10 June 1948.
The Baroda, Western India and Gujarat States Agency was a political agency of British India, managing the relations of the British government of the Bombay Presidency with a collection of princely states.
The Gohil dynasty or Guhilas of Saurashtra ruled parts of Saurashtra region of present-day Gujarat state of India as subordinates or independents starting 12th century. Their origin is traced to Guhila dynasty of Gujarat and they had migrated to Saurashtra in 12th century. The earliest known inscription of Gohils is found from Mangrol. They later moved to the east coast where they established themselves and the region came to be known as Gohelwar and ruled till the independence of India in 1947. The erstwhile princely states of Bhavnagar, Palitana, Lathi, Vala and Rajpipla belonged to Gohil rulers.
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