State Bank of Patiala, founded in 1917, is associate bank of the State Bank Group. Presently, State Bank of Patiala has a network of 1035 service outlets, including 1236 branches, in all major cities of India, but most of the branches are located in the Indian states of Punjab, Haryana,



History


His Highness Bhupinder Singh, Maharaja of Patiala State, founded the Patiala State Bank on 17 November 1917 to foster growth of agriculture, trade and industry. The bank combined the functions of a commercial bank and those of acentral bank for the princely state of Patiala. The bank had one branch at Chowk Fort, Patiala, Undivided India.

The formation of the Patiala and East Punjab States Union in 1948 led to the bank being reorganized, being brought under the control of the Reserve Bank of India, and being renamed Bank of Patiala. On 1 April 1960 Bank of Patiala became a subsidiary of State Bank of India and was renamed State Bank of Patiala.

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