State Bank of Bikaner & Jaipur - Revision history

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	==External links==		==External links==
	* [http://www.sbbjbank.com/ SBBJ official website]		* [http://www.sbbjbank.com/ SBBJ official website]
	~~{{Portal\|Banks}}~~

	{{Banking in India}}		{{Banking in India}}

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			{{Short description\|Former associate bank of State Bank of India}}
	{{Use Indian English\|date=October 2015}}		{{Use Indian English\|date=October 2015}}
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	'''State Bank of Bikaner & Jaipur''' (SBBJ) was a major Indian bank. It was a subsidiary of [[State Bank of India]], with which it was merged on 31 March 2017. As of 2015, SBBJ had 1,360 branches, mostly located in the state of [[Rajasthan]], [[India]]. Its branch network out of Rajasthan covered all the major business centers of India. In 1997, the bank entered the capital market with an [[initial public offering]] of 1,360,000 shares at a premium of Rs. 440 per share. For the year 2015-16 the net profit of the company was Rs. 8.5 billion.~~<ref>http://info.shine.com/Company/State-Bank-of-Bikaner-and-Jaipur/373.aspx Company Overview: State Bank of Bikaner and Jaipur</ref>~~<ref>http://sbbjbank.com/About-Us/history.htm SBBJ History</ref><ref>{{cite news\|url=http://www.capitalmarket.com/CMEdit/story2-0.asp?SNo=309201 \|title=State Bank of Bikaner & Jaipur capitalises on robust earnings \|date=24 April 2009 \|publisher=Capital Market Publishers India }}</ref><ref>{{cite news \|url=http://www.equitybulls.com/admin/news2006/news_det.asp?id=50353 \|title=State Bank of Bikaner and Jaipur 2009 profit up at Rs 403.45 crore \|date=4 April 2009 \|publisher=Equity Bulls}}</ref>		'''State Bank of Bikaner & Jaipur''' (SBBJ) was a major Indian bank. It was a subsidiary of [[State Bank of India]], with which it was merged on 31 March 2017. As of 2015, SBBJ had 1,360 branches, mostly located in the state of [[Rajasthan]], [[India]]. Its branch network out of Rajasthan covered all the major business centers of India. In 1997, the bank entered the capital market with an [[initial public offering]] of 1,360,000 shares at a premium of Rs. 440 per share. For the year 2015-16 the net profit of the company was Rs. 8.5 billion.<ref>http://sbbjbank.com/About-Us/history.htm SBBJ History</ref><ref>{{cite news\|url=http://www.capitalmarket.com/CMEdit/story2-0.asp?SNo=309201 \|title=State Bank of Bikaner & Jaipur capitalises on robust earnings \|date=24 April 2009 \|publisher=Capital Market Publishers India }}</ref><ref>{{cite news \|url=http://www.equitybulls.com/admin/news2006/news_det.asp?id=50353 \|title=State Bank of Bikaner and Jaipur 2009 profit up at Rs 403.45 crore \|date=4 April 2009 \|publisher=Equity Bulls}}</ref>

	==History==		==History==

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{{Use Indian English|date=October 2015}}
{{Use dmy dates|date=October 2015}}
{{Infobox company
| name = STATE BANK OF BIKANER AND JAIPUR
| logo = State Bank of Bikaner & Jaipur.svg
| type = [[Public company|Public]]
| traded_as = {{Ubl |{{BSE|501061}} |{{NSE|SBBJ}} }}
| industry = [[Banking]]<br />[[Insurance]]<br />[[Capital Markets]] and allied industries
| fate = merged with [[State Bank of India]] on 31 March 2017
| foundation = [[Jaipur]], 1963
| defunct = 31 March 2017
| location = Head Office, <br/> Tilak Marg, <br/> [[Jaipur]] 302 005 India
| key_people = [[Arundhati Bhattacharya]](Chairman), Dibakar Mohanty(Managing Director)
| products = Loans, Savings, Investment vehicles, etc.
| net_income = {{profit}} [[₹]] 850.60 Crore (March 2016)<ref>{{cite news|url=http://www.moneycontrol.com/india/financials/statebankbikanerjaipur/profit-loss/SBB02?classic=true}}</ref>
| num_employees = 12,831
| num_employees_year =
| parent = [[State Bank of India]]
| homepage = {{URL |https://sbi.co.in}} {{URL |https://www.onlinesbi.com}}
}}

'''State Bank of Bikaner & Jaipur''' (SBBJ) was a major Indian bank. It was a subsidiary of [[State Bank of India]], with which it was merged on 31 March 2017. As of 2015, SBBJ had 1,360 branches, mostly located in the state of [[Rajasthan]], [[India]]. Its branch network out of Rajasthan covered all the major business centers of India. In 1997, the bank entered the capital market with an [[initial public offering]] of 1,360,000 shares at a premium of Rs. 440 per share. For the year 2015-16 the net profit of the company was Rs. 8.5 billion.<ref>http://info.shine.com/Company/State-Bank-of-Bikaner-and-Jaipur/373.aspx Company Overview: State Bank of Bikaner and Jaipur</ref><ref>http://sbbjbank.com/About-Us/history.htm SBBJ History</ref><ref>{{cite news|url=http://www.capitalmarket.com/CMEdit/story2-0.asp?SNo=309201 |title=State Bank of Bikaner & Jaipur capitalises on robust earnings |date=24 April 2009 |publisher=Capital Market Publishers India }}</ref><ref>{{cite news |url=http://www.equitybulls.com/admin/news2006/news_det.asp?id=50353 |title=State Bank of Bikaner and Jaipur 2009 profit up at Rs 403.45 crore |date=4 April 2009 |publisher=Equity Bulls}}</ref>

==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]],<ref>{{cite web |url=http://www.rupeetimes.com/banks/state_bank_of_bikaner_and_jaipur.html |title=FINANCIAL INSTITUTIONS: State Bank of Bikaner and Jaipur |access-date=12 December 2013 |publisher=Rupee Times}}</ref> 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, Rajasthan|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]].

The plans to make SBI one of the top 50 banks in India affected SBBJ very much. In 2016, the plan to merge SBBJ with its five co-subsidiaries was made, and it was ratified by the Government of India on 15 February 2017. It finally merged with SBI on 31 March 2017.

==References==
{{Reflist}}

==External links==
* [http://www.sbbjbank.com/ SBBJ official website]
{{Portal|Banks}}

{{Banking in India}}
{{SBI}}

{{Authority control}}

{{DEFAULTSORT:State Bank of Bikaner and Jaipur}}
[[Category:State Bank of India]]
[[Category:Banks established in 1963]]
[[Category:Companies based in Rajasthan]]
[[Category:Economy of Jaipur]]
[[Category:Defunct banks of India]]
[[Category:Indian companies established in 1963]]
[[Category:1963 establishments in Rajasthan]]
[[Category:2017 disestablishments in India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]