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State Bank of Bikaner and Jaipur
BSE: 501061|NSE: SBBJ|ISIN: INE648A01026|SECTOR: Banks - Public Sector
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Company History - State Bank of Bikaner and Jaipur
YEAR                       EVENTS
 1944 - The Bank was incorporated at Bikaner.  The Bank transacts
 general
        banking business of every description.  The Bank also
 transacts
        Government Treasury work.  The name of the Bank at the time
 of
        incorporation was The Bank of Bikaner Ltd.
 
 1960 - The Bank became a subsidiary of the State Bank of India under
 the
        State Bank of India (Subsidiary Bank) Act, 1959.  The Bank
        assists small scale industries and co-operatives and grants
        advances against warehouse receipts.
 
 1963 - The State Bank of Jaipur with its 49 offices was taken over
 by
        the Bank and the name of the Bank was changed to the State
 Bank
        of Bikaner and Jaipur.  The business of the Govind Bank
 (Pvt.)
        Ltd., Mathura was taken over by the Bank with effect from
 25th
        April, 1966.
 
      - The issued capital was raised to Rs 80 lakhs to enable the
        compensation to be paid to the shareholders of the State Bank
 of
        Jaipur upon its amalgamation with the Bank.
 
 1968 - The Bank formulated a scheme to render direct finance to
 small
        business which covered the entire spectrum of financial
        assistance to the agriculturists.
 
      - Under the scheme of provision of credit to transport
 operators,
        financial assistance was extended to operators of taxis and
 auto
        rickshaws for meeting working capital requirements and for
        purchase of new or second-hand vehicles.
 
 1984 - The Bank opened another Regional Rural Bank in Ganganagar
        district under the name Ganganagar Kshetriya Gramin Bank.
 
 1985 - A Bank named the Bikaner Kshetriya Gramin Bank was opened in
        Bikaner district.
 
 1995 - 15,60,000 right equity shares issued (prem. of Rs 300 per
 share)
        in prop. 3:4.
 
 1997 - The Bank offered 13,60,000 shares at a premium of Rs 440 per
        share.  Of which 1,38,800 shares were offered to SBI,
 1,22,100
        shares were offered to employees, 1,52,700 shares were
 offered
        to NRIs, OCBs, FIIs, and the balance 9,46,400 shares were
 offered
        to public.  All were accepted.
 
      - The State Bank of Bikaner & Jaipur (SBBJ), an associate bank
 of
        the State Bank of India (SBI), is entering the capital market
        with a maiden initial public offering (IPO) to augment its
        capital base and its long-term resources.
 
      - The face value of the share is Rs 100.  The shares will be
        listed at the Jaipur and Mumbai stock exchanges, in addition
 to
        National Stock Exchange.
 
      - The State Bank of Bikaner and Jaipur is the latest public
        sector bank come to the primary market with a Rs 73.44 crore
        issue.  The banks is offering Rs 100 each for cash at a
 premium
        of Rs 440 per share.
 
      - The equity issue of State Bank of Bikaner and Jaipur (SBB&J)
        has been oversubscribed by 1.5 times.
 
      - During the year, the bank will also install an ATM at one of
 its
        branches.
 
 1998 - The State Bank of Bikaner and Jaipur (SBBJ) had issued 12.21
 lakh
        shares at a premium of Rs 440, IndusInd Bank had offered 4
 crore
        equity shares at Rs 45.
 
      - State Bank of Travancore and State Bank of Bikaner and Jaipur
        shares' dematerialisation is facing a roadblock as a State
 Bank
        of India (Subsidiaries Banks) Act, 1959, clause says that no
        person can acquire shares in excess of 200 units in any of
 the
        bank's subsidiaries.
 
 1999 - The bank is gearing itself to improve efficiency by
 technological
        upgradation, refinement of skills and motivating employees to
        improve upon services and products.
 
      - The State Bank of Bikaner and Jaipur, the SBI associate bank,
 has
        reported huge non-performing assets of Rs 310.02 crore for
        1998-99 because of defaults from its large accounts.
 
 2002
 
 -State Bank of Bikaner & Jaipur has informed  about that Shri S D S
 Minhas has taken over as Director of the Bank  in place of Shri V P
 Grover who has since ceased to be a Director of the bank wef March
 20, 2002.
 
 -State Bank of Bikaner and Jaipur has informed BSE that Mr K S V
 Krishnama Chari has taken over as Director of the Bank as State Bank
 of India nominee.Mr L N Jalani has been allowed by the Ministry of
 Finance to continue w e f July 09, 2002 as workman Director on the
 Board of the Bank.
 
 -State Bank of Bikaner & Jaipur has informed  Mr Ramesh Chand
 Bhandari was elected as Director of the Bank for a period of 3 years
 w e f August 09, 2002 in place of Mr M K Patodia whose tenure of
 office expired on August 04, 2002.
 
 2003
 
 -Appoints Mr. K R Srikantan as Managing Director.
 
 -Mr.J.B Bhoria takes over as the Director of the Bank as nominee in
 place of Mr Karuna Sagar.
 
 -Shri C Bhattacharya, Dy MD &Group Executive(A & S group), SBI takes
 over as the Director
 of the bank as SBI nominee.
 
 -Shri A R Samajdar has since ceased to be a Director of the bank on
 account of his reaching superannuation on September 30, 2003.
 
 2004
 
 -State Bank Of Bikaner And Jaipur has informed that Shri.
 Yashovardhan Sinha, Dy. General Manager (A&S), State Bank of India
 has taken over as Director of State Bank of Bikaner and Jaipur, in
 terms of Section 25(1) (c) of the State Bank of India (Subsidiary
 Banks) Act, 1959 with effect from January 1, 2004. Further informed
 that, Shri. S. Ramaswami, General Manager, Reserve Bank of India,
 Rural Planning & Credit Deptt. Bhopal has taken over as Director of
 the Bank under Clause (b) of Subsection (1) of Section 25 of State
 Bank of India (Subsidiary Banks) Act, 1959 with effect from January
 5, 2004 in place of Shri. J.B.Bhoria, Regional Director, RBI, Jammu.
 
 - SBBJ, join hands wth Honda Siel for sale of LPG gensets
 
 2007
 
 -State Bank of Bikaner & Jaipur has appointed Shri. Ashok Kumar
 Shukla, Special Asstt., of the Bank, Birhana Road, Kanpur as a
 workmen director for a period of three years on the Board of the Bank
 in place of Shri. L N Jalani by Central Govt in terms of clause (ca)
 of sub-section 25 read with sub section (2A) of section 26 of State
 Bank of India, (Subsidiary Banks) Act 1959.
 
 2008
 
 -State Bank of Bikaner & Jaipur has informed that Shri. Arun
 Shandilya, has taken over as Managing Director of the Bank with
 effect from March 03, 2008.
 
 -State Bank of Bikaner & Jaipur has informed that Shri. Amrik Singh
 has been appointed on the Board of the Bank in place of Shri. M K
 Malhotra with immediate effect in terms of Section 25(1)(e) of the
 State Bank of India (Subsidiary Banks) Act, 1959.
 
 - The Company has splits its face value from Rs100/- to Rs10/-.
 
 2009
 
 - State Bank of Bikaner and Jaipur (SBBJ) slashed its
 benchmark-lending rate by 0.5 per cent to 12.25 per cent. The bank
 revised its Benchmark Prime Lending Rate (BPLR) from 12.75 per cent
 to 12.25 per cent.
 
 2010
 
 -State Bank of Bikaner declared a dividend of 144 % i.e. Rs 14.40 per
 share 
 
 -Mrs. Aruna Nitin Dak has been appointed as Company Secretary of the
 company
 
 2011
 
 -Shri D. K. Jain has been appointed as Workmen Employee Director on
 the Board of State Bank of Bikaner & Jaipur.
 
 -MCS LIMITED, Delhi is appointed as Registrar and Share Transfer
 Agent (RTA) of the State Bank of Bikaner & Jaipur 
 
 -State Bank Of Bikaner and Jaipur Issues Rights in the Ratio of 2:5
 
 2012
 
 -State Bank Of Bikaner have declared interim dividend at the rate of
 145% being Rs. 14.50/- per share on equity shares of Rs. 10/- each.
 
 -Smt. Malvika Sinha, Chief General Manager, Reserve Bank of India,
 New Delhi as RBI Nominee Director on the Board of State Bank of
 Bikaner & Jaipur
Source : Dion Global Solutions Limited
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