IFSC Code of STATE BANK OF BIKANER AND JAIPUR PUNJAB Branch is
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STATE BANK OF BIKANER AND JAIPUR List of IFSC Code Branches in PUNJAB District
| Meerut |
State Bank of Bikaner and Jaipur came into existence in 1963 as a result of the merger of two banks, State Bank of Bikaner (established in 1944) and State Bank of Jaipur (established in 1943). Both these banks were subsidiaries of State Bank of India under the State Bank of India (Subsidiary Banks) Act, 1959.
State Bank of Bikaner and 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. Its branch network outside Rajasthan covered all major business centers in India.
On 25 April 1966 SBBJ acquired Govind Bank (Pvt) Limited, Mathura established on 8 February 1963.
In 1984 SBBJ sponsored and established Ganganagar Kshetriya Gramin Bank as Kshetriya Gramin Bank. In 1985, SBBJ opened the Bikaner Kshetriya Gramin Bank. The third regional rural bank sponsored by SBBJ was Marwar Gramin Bank. On 12 June 2006, SBBJ merged all the three regional rural banks it sponsored with the name MGB Gramin Bank, headquartered in Jodhpur.
The plan to make SBI one of the top 50 banks in India impressed SBBJ a lot. In 2016, plans were made to merge SBBJ with its five co-subsidiaries, and this was ratified by the Government of India on 15 February 2017. It merged with SBI on 31 March 2017.
