State Bank of Bikaner & Jaipur

STATE BANK OF BIKANER AND JAIPUR

Type	Public
Traded as	BSE: 501061 NSE: SBBJ
Industry	Banking Insurance Capital Markets and allied industries
Founded	Jaipur, 1963
Headquarters	Head Office, Tilak Marg, Jaipur 302 005 India
Key people	Arundhati Bhattacharya(Chairman), Jyoti Ghosh(Managing Director)
Products	Loans, Savings, Investment vehicles, etc.
Net income	Rs. 730.24 Crore (March 2013)
Slogan	The nation banks on us
Website	www.sbbjbank.com

State Bank of Bikaner & Jaipur (SBBJ) (in Hindi स्टेट बैंक ऑफ बीकानेर एण्ड जयपुर) is an associated bank of State Bank of India. As of 2015, SBBJ had 1,360 branches, mostly located in the state of Rajasthan, India. Its branch network out of Rajasthan covers all the major business centers of India. In 1997, the Bank entered in the capital market with an Initial Public Offering of 13,60,000 shares at a premium of Rs 440 per share.For the year 2015-16 the net profit of the company was 850.60 Crore^[1]^[2]^[3]^[4]

History

State Bank of Bikaner & Jaipur came into existence on 1963 when two banks, namely, State Bank of Bikaner (established in 1944) and State Bank of Jaipur (established in 1943), were merged. Both these banks were subsidiaries of the State Bank of India under the State Bank of India (Subsidiary Bank) Act, 1959.

On 25 April 1966 SBBJ took over Govind Bank (Private) Ltd., Mathura,^[5] established on 8 February 1963.

In 1984 SBBJ sponsored and established Ganganagar Kshetriya Gramin Bank as a Regional Rural Bank. Thereafter, in 1985 SBBJ opened the Bikaner Kshetriya Gramin Bank, the second Regional Rural Bank sponsored by it. The third Regional Rural Bank, sponsored by SBBJ was Marwar Gramin Bank, which covered the districts of Pali, Jalore and Sirohi. On 12 June 2006, SBBJ merged all three regional rural banks that it sponsored under the name MGB Gramin Bank, with headquarters in Jodhpur.

References

↑ http://info.shine.com/Company/State-Bank-of-Bikaner-and-Jaipur/373.aspx Company Overview: State Bank of Bikaner and Jaipur
↑ http://sbbjbank.com/About-Us/history.htm SBBJ History
↑ "State Bank of Bikaner & Jaipur capitalises on robust earnings". Capital Market Publishers India. 24 April 2009.
↑ "State Bank of Bikaner and Jaipur 2009 profit up at Rs 403.45 crore". Equity Bulls. 4 April 2009.
↑ "FINANCIAL INSTITUTIONS: State Bank of Bikaner and Jaipur". Rupee Times. Retrieved 12 December 2013.

External links

SBBJ Official site

Banking in India

Reserve bank	Reserve Bank of India

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