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State Bank Of Patiala IFSC Code and MICR Code:

State Bank Of Patiala state wise list of all branches, IFSC code, MICR code and Addresses within India

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State Bank Of Patiala IFSC Code

About State Bank of Patiala

State Bank of Patiala was founded in 1971 in Patiala, in the state of Punjab, in India. It deals with Banking, Insurance, Capital Markets and allied industries. Its head quarter is located in The Mall, in Patiala. The key people associated with this bank are Smt. Arundhati Bhattacharya who holds the position of Chairman and Shri. S. A. Ramesh Rangan who holds the position of Managing Director. The products that are dealt by this bank are Loans, Savings, Investment vehicles, accounts, deposits and many more. It slogan in the open market is “The nation banks on us”.


State Bank of Patiala is a major associate bank of the State Bank Group. At presently, it has a network of 1314 branches and 1445 service outlets. In the present scenario, this particular bank has made its presence felt in all major cities of India and in the Indian states of Punjab, Rajasthan, Uttar Pradesh, Haryana, Himachal Pradesh, Madhya Pradesh, Delhi, Jammu & Kashmir and Gujarat. This bank meets the personal and professional needs and requirements of its esteemed existing and potential customers in any given situations, circumstances and conditions. In the category of personal banking, corporate banking and NRI service facilities, it offers a wide variety of financial products and its related unique services to its esteemed customers.


State Bank of Patiala IFSC code

State Bank of Patiala Indian Financial System Code (IFSC) is used largely for electronic payment applications like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), Immediate Payment Service, Centralised Funds Management System (CFMS) and an interbank electronic instant mobile money transfer service (IMPS) that are developed by Reserve Bank of India in a successful manner. This particular code has just eleven characters or "Alpha Numeric" in nature. It is to be remembered that last six characters i.e STBP****** represent branch, fifth character is default "0" left for future use and the initial four characters represent bank.


How to search for State Bank of Patiala IFSC code?

Banking customers who are looking for SBP Bank IFSC code will be able to find its code without any hassle for electronic transactions. All you need to do is select the state and branch location in order to get the IFSC code for Dhanalakshmi Bank branches in the country. It is to be noted that these particular codes are very significant as they perfectly ensure secure plus quick transactions through the electronic media.


State Bank of Patiala MICR code

State Bank of Patiala Magnetic Ink Character Recognition code is actually a machine readable code that is largely used for immediately processing and quick clearance of cheques. It is mostly used in order to identify the bank branch to which the cheque actually belongs. On the other hand, when a cheque send for clearing, then this particular code is perfectly read by a magnetic reader and automatically sorted out in a successful manner. MICR technology rightly speeds up the entire process when compared to reading plus sorting it manually. It is to be highly noted that MICR code for SBP Bank is given at the bottom of every cheque leaf.


How to search for State Bank of Patiala MICR code?

In the table is given the SBP Bank MICR codes. You can easily narrow down your search either by clicking any particular state and then the branches from the drop down list. This code can be used for your financial transactions which is very important. Banking customers are requested to use MICR code for most of the transactions which needs it as mandatory.


Other Popular Banks IFSC Code

State Bank Of Patiala IFSC Code News:

SBI commanded its five partner Banks to clear their loan books prior to planned merger


State Bank of India share price in BSE down 1.97 % has guided five partner banks to tidy up their loan books before the suggested merger — the step that has prompted Rs 2,018 crore consolidated misfortunes of partner banks in the 1st financial quarter finishing in the month of June. Senior authorities of the State bank association told ET that the partner banks were advised to line up the loan classification with the guardian bank, regardless of the fact that it obliges them to face a hit to its bottomline.

A bank representative stated "Post-merger, a record cant be delegated standard in the books of one partner bank and substandard for another partner bank or parent bank"."There is requirement that every partner bank adjust their records preceding merger." Mid-May, SBI declared merger of State Bank of Patiala,State bank of Bikaner and Jaipur  State Bank of Mysore , State Bank of Travancore plus State Bank of Hyderabad and additionally  Bharatiya Mahila Bank.

First time in history six associate banks will be merged with SBI in one go. Arundhati Bhattacharya, SBI chairman while talking with Economics Times on 19th July stated, There will be nothing as last bank or 1st bank, listed bank or unlisted bank, it will be just one bank followed by another. Till March 2017 merger will take place. State Bank of Mysore announced its first financial quarter review and stated the bank has made extra provision of amount Rs.579.7 crore for selected assets to come in line with the parent State Bank branch. This bank revealed loss of amount Rs. 472 crore plus provided sum provision of amount Rs.1,039 crore during 2016 June financial quarter versus Rs.263 crore in the comparable quarter.

State Bank of Bikaner and Jaipur said it made an extra arrangement as a caution and keeping in perspective the arrangement as judiciousness and keeping in perspective the arrangement of the pioneer in the consortium and different managing bank courses of action of a few borrowers.

2016/08/13 08:51 PM

CBI filed charges against a private company for a loan default of Rs 34 Cr


CBI filed charges against a private company that defaulted in the payment of loans  after it conducted searches at multiple locations for the officials of the company. The company owes Rs 34 Crores to SBI. The private company in question is Vardhman Life Sciences Pvt Ltd. Allegedly the company has taken a loan of around Rs 175 Crores from four different national banks -Rs 55 Cr from Exim Bank,and Rs 40 Cr each from SBI,State bank of Hyderabad and State Bank of Patiala. Out of all these banks only SBI has filed a complaint with the CBI. The company had taken these loans in the name of starting a new plant in Tamil Nadu but transferred the money to its personal accounts. In an attempt to mislead old machinery had been installed in the location where they said they would start a new plant. The spokesperson of the CBI Mr. RK Gaur said that a case has been registered against the promoter directors and officials of the company. The charges leveled under IPC are of criminal conspiracy,forgery,cheating . Other charges have also been leveled under various sections of Prevention of Corruption Act. The search team has so far been looking in Delhi, Chandigarh and Tamil Nadu.

2016/07/19 03:54 AM

State Bank of Patiala comes with helping hand


State Bank of Patiala (SBP) which is a subsidiary of SBI has recently contributed an amount of Rs 2.36 crore towards the Prime Ministers Relief Fund for Chennai flood victims. The cheque of the said amount was handed over to Finance Minister Arun Jaitley. This particular effort is for helping the victims of recent catastrophe mainly due to torrential rains in Chennai, in the state of Tamil Nadu in South India. The Finance Minister appreciated the wholehearted efforts for immediately rising to the serious occasion. He personally thanked the bank, its officers and staff for standing up with the Government of India and people of Chennai during such natural crisis.


The donation of State Bank of Patiala (SBP) is the right manifestation of the esteemed concern of 15,000 employees and staffs of this bank, who wholeheartedly donated their one day salary in order to immediately help the affected persons in Chennai and its surrounding areas. It is to be noted that recently, the bank as part of the Corporate Social Responsibility programme had largely donated ambulances to Red Cross and blind school plus as part of Republic Day celebrations felicitated the National Bravery Award winners. The bank is always in the front run in social cause activities and extending helping hand for the needy in the society at large. The bank has shown its best cooperation and coordination in such activities with a lot of perfection in the open market. State Bank of Patiala has made landmark things for the society in time of needs and requirements.

2016/02/09 01:23 AM

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