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February 09, 2016 1:58 AM ET

Banks

Company Overview of State Bank of Patiala

Company Overview

State Bank of Patiala provides personal, agriculture and rural, and corporate banking services. It provides deposits, including basic savings bank deposit accounts, open deposits, capital gains accounts, saving bank accounts for students, flexi corporate accounts, corporate liquid term deposits, no frills savings bank accounts, corporate salary package money multiplier saving bank accounts, and tax saving term deposits. The company also provides home equities, home loans, housing loans for purchase of plot of land for the purpose of construction of a house, rents, car loan for new and used vehicles, education loans, loans for earnest money, loans to pensioners, two wheeler loans, career loan...

The Mall

Mall Road

Patiala,  147001

India

Founded in 1917

Phone:

91 17 5239 5629

Fax:

91 17 5221 3294

Key Executives for State Bank of Patiala

Managing Director and Director
Chief Financial Officer and General Manager of Treasury
Chief General Manager and Chief Vigilance Officer
Chief General Manager of Commercial Banking
Chief General Manager of Retail Banking
Compensation as of Fiscal Year 2015.

State Bank of Patiala Key Developments

SBI Not Looking At Merging Associate Banks

State Bank of India (NSEI:SBIN) Chairperson Arundhati Bhattacharya said the bank is currently not looking at merging its associate banks. "At some point of time, yes we'll merge. But I don't think this is the right time. Because today there are a lot of challenges and those challenges are more immediate and important than merging banks," Bhattacharya told reporters. SBI has five associate banks - State Bank of Bikaner & Jaipur (BSE:501061), State Bank of Patiala, State Bank of Travancore (BSE:532191), State Bank of Hyderabad Ltd. and State Bank of Mysore (BSE:532200).

State Bank of Patiala Appoints Papia Sengupta as Chief General Manager

State Bank of Patiala announced that Papia Sengupta has been appointed as Chief General Manager (CGM), Stressed Assets Management Group (SAMG). Prior to the appointment, she was the General Manager, Delhi Network of State Bank of Bikaner and Jaipur. She joined State Bank of Bikaner and Jaipur in 1983 as probationary officer and has handled responsibilities in several offices of State Bank of Bikaner & Jaipur, State Bank of India and State Bank of Patiala.

State Bank of Patiala Reports Earnings Results for the Quarter Ended March 2015

State Bank of Patiala reported earnings results for the quarter ended March 2015. For the quarter, the bank reported a net profit of INR 1,262.4 million, down by 47.83% as against INR 2,419.6 million a year ago. Total operating income declined 1.95% to InR 25,554.8 million against INR 26,062.8 million a year ago.

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