SBI and SBI Associates Bank – Random Facts

State bank of India

History

On 27 Jan 1921, SBI was started as Imperial Bank of India by J.M. Kynes, after nationalization on 1955, it was renamed as State Bank of India.

C.E.O: Arundathi bhattacharrya

Tag line:  Pure banking nothing else; With you all the way; The Nation banks on us; A Bank to the common man; A banker to every Indian.
Head quarters: Mumbai.

SBI Associates Bank

State bank of HyderabadModern Innovative Dependable

History

On 8.8.1941 as Hyderabad state bank during the reign of last Nizam of Hyderabad Mir Osman Ali khan.

It managed its currency – Osmania Sikka and public debt apart from the functions of commercial banking. The first branch of the Bank was opened at Gunfoundry, Hyderabad on 5th April, 1942. In 1956 it was taken over by RBI and its name was changed from Hyderabad state bank to state bank of Hyderabad.

The Bank became a subsidiary of the State Bank of India on the 1st October 1959 and is now the largest Associate Bank of State Bank of India.

C.E.O: Shri Santanu Mukherjee (2015)

Tag line:You can always bank on us

Head quarters: Gunfoundry, Hyderabad

State bank of Travancore

History

The bank was established in 1945 as the Travancore bank Ltd, at the initiative of C.P. Ramaswami Iyer, then Divan of Travancore.

It becomes a subsidiary of the state bank of India on 1959.

C.E.O: Jeevandas Narayan

Tag line: A long tradition of trust.

Head Quarters : Thiruvanandhapuram, kerala.

State bank of Mysore

History

State Bank of Mysore was created in the year 1913 as the Bank of Mysore Ltd. under the support of then Maharaja Krishna Raja Wadiyar IV of Mysore at the insistence of Bharat Ratna Sir M. Visvesvaraya.

In 1953, Mysore Bank was delegated as an executor of Reserve Bank of India to facilitate government business and treasury operations.

In March 1960, it turned into a subsidiary of the State Bank of India under the State Bank of India (Subsidiary Banks) Act 1959.

C.E.O: Sharad Sharma

Tagline: Working for a better tomorrow

Head Quarters: Bengaluru

State bank of Patiala

History

SBP was created by Maharaja Bhupinder Singh, the then Maharaja of the regal state of Patiala of undivided India. After India’s freedom, the bank was made an entirely owned subsidiary of the government of Punjab.

On April 1, 1960, SBP was conferred the status of an associate bank of the State Bank Group

C.E.O: Shri S.A.Ramesh Rangan

Tagline: Blending modernity with tradition.

Head Quarters: The mall, Patiala.

State bank of Bikkaner and Jaipur :

History:

State Bank of Bikaner (created in 1944) and State Bank of Jaipur (built in 1943) were consolidated. Both these banks were subsidiaries of the State Bank of India under the State Bank of India (Subsidiary Bank) Act, 1959.

C.E.O: Jyoti Ghosh

Tag line: The bank with a vision

Head Quarters: Tilak marg, Jaipur.

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