State Bank of Bikaner & Jaipur (SBBJ) is one of the major Indian bank. It is now a subsidiary of the State Bank of India whose merge was occurred in the year 2017, 31st march. By 2015, State Bank of Bikaner & Jaipur (SBBJ) had more than 1300 branches which was mostly located in Rajasthan in India. It has a wide range of branch networks beyond Rajasthan that has managed to cover different business centres in India. In the year, 1997 the bank later entered the capital market with the public offers of 136000 shared for which the premium cost Rs. 440 per share.
Products and Services
State Bank of Bikaner & Jaipur (SBBJ) offers its valued customers with wide range of products and services options that includes loan, saving, and investment vehicles. Beyond this, the bank also offers the Non-resident Indian services and personal banking. State Bank of Bikaner & Jaipur (SBBJ) is also known for providing the best of agriculture products, international banking, medium and small business services/ the international banking solution to residential non-Indian customers and foreign entities is also offered by the bank.
It also offered the services of exporting finance with the pre and post shipment credit in the foreign currency and Indian rupee. In the agriculture industry, its services included Kisan Credit Card Scheme and Tractor Loan Scheme. For the import and export service it offered overseas tourists, resident customers, travellers services through encashment and remittance facility.
History
State Bank of Bikaner & Jaipur was stated in the year 1963. This bank was named after two banks got merged together State Bank of Bikaner (established in 1944) and State Bank of Jaipur (established in 1943). Currently, both the banks are the subsidiaries of the State bank of India.
In the year 1966, the State Bank of Bikaner & Jaipur overtook Govind bank private limited which was founded in the year 1963.
In the year 1984 the State Bank of Bikaner & Jaipur sponsored Ganganagar Kshetriya Gramin Bank and later in 1985, it opened Bikaner Kshetriya Gramin Bank.
In the year 2006, the bank then merged its regional rural bank which were sponsored under the name of MGB Gramin bank whose headquarter was located in Jodhpur.
Acquisition
The bank managed merged with the State bank of India which resulted in much use of digitalization while changes in the OFSC codes.
Awards and Recognition
No information Available about State Bank of Bikaner & Jaipur awards and recognition before it got merged with the State Bank of India.
Subsidiaries
The bank does not have any of the subsidies. However, it was the subsidiary of the State Bank of India under the State Bank of India Act, 1959. In the year 2017, Government of India decided to merge five co-subsidiaries that along with the State Bank of Patiala also Included the State Bank of Bikaner & Jaipur.