State Bank of Bikaner & Jaipur

From Wikipedia, the free encyclopedia

State Bank of Bikaner & Jaipur (SBBJ) is an associate bank of State Bank of India. It came into existence on 25th April 1966. It was earlier comprised of two banks State Bank of Bikaner and State Bank of Jaipur before the two were merged. Currently, SBBJ has over 812 branches, mostly located in the state of Rajasthan, India. Its branch network out of Rajasthan covers all the major business centers of India.

[edit] See also

Indian banking

Now SBBJ has a network of aroung 850 branches.

Brief History of the Bank

State Bank of Bikaner and Jaipur was established in 1963 after amalgamation of erstwhile State Bank of Jaipur (established in 1943) with State Bank of Bikaner (established in 1944) as a subsidiary of State Bank of India. The Bank took over the business of the Govind Bank Pvt. Ltd. on 25.04.1966. The Bank's main area of operation is Rajasthan, with presence at all important centres in the country. The Bank has 832 branches consisting of 821 business branches, 8 service branches, 2 asset recovery branches and 1 treasury branch and has sponsored 3 RRBs.

The Bank follows transparent corporate governance policies and is preparing itself for smooth migration to Basel II. On technology front, during 2005-06, the Bank migrated all 832 branches to Core Banking Solution (CBS). The Bank has installed 291 ATMs and all ATMs are the part of over 5500 ATMs of State Bank Group. Internet Banking has been extended to all our branches for retail customers and select branches for corporate customers. The Bank has rolled out Business Process Reengineering (BPR) initiatives to improve operational efficiency and better customer service and is committed to offer value added services to its customers.

The Bank has been earning profit continuously since its inception and the Bank's business crossed the level of Rs 37,790 crore with a net profit of Rs. 145.03 crore at the end of March,2006.