SBBJ provided Rs.1 Cr to Mukhya Mantri Jal Swawlamban Abhiyaan

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State Bank of Bikaner and Jaipur (SBBJ) contributed Rs. 1.00 Crore to Mukhya Mantri Jal Swawlamban Abhiyaan.

Managing Director of SBBJ Jyoti Gosh has handed over a cheque of Rs.1.00 Crore to the Chief Minister of Rajasthan. On this occasion, Ghosh said that Bank has provided the contribution to support water conservation programme run by state govt. He also briefed about various activities being conducted by Bank during previous financial year in Govt. Schools including drinking water facility in 104 schools, electricity facility in 73 schools and constructed 103 toilets in various schools of Rajasthan.

Chief Minister has appreciated the contribution made by the Bank. Chief General Manager of the Bank,  V. Srinivasan and   General Manager  Ravi Kumar  Garoo  were also present on the occasion.

State Bank of Bikaner & Jaipur (SBBJ) is an associated bank of State Bank of India. As of 2015, SBBJ had 1,360 branches, mostly located in the state of Rajasthan, India. Its branch network out of Rajasthan covers all the major business centers of India. In 1997, the Bank entered in the capital market with an Initial Public Offering of 13,60,000 shares at a premium of Rs 440 per share.For the year 2015-16 the net profit of the company was 850.60 Crore. The number of branches increased to 1049 ( 862 in Rajasthan). SBBJ had sponsored three Regional Rural Banks viz. Marwar Gramin Bank (set up in 1976), Sriganganagar Kshetriya Gramin Bank (1984) and Bikaner Kshetriya Gramin bank (1985). These were merged into single RRB viz. MGB Gramin Bank in June 2006. On 25.02.2013 the MGB Gramin Bank (RRB sponsored by SBBJ) and Jaipur Thar Gramin Bank (RRB sponsored by UCO Bank) were amalgamated into a single Regional Rural Bank named ‘Marudhara Gramin Bank’ sponsored by SBBJ with Head office at Jodhpur. The Bank shoulders Lead Bank responsibility in 9 districts of the State.

SBBJ’s vision is to be a state-of-the-art, customer-centric, values driven and professionally managed banking organisation; committed to the highest standards of good corporate governance practices; perpetual enhancement of the wealth of the shareholders and welfare of all stakeholders and the society”.

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