State Bank of Bikaner & Jaipur
An Indian public-sector bank headquartered in Rajasthan that operated as a State Bank of India subsidiary until its 2017 merger into SBI.
Last updated August 26, 2026
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Overview
State Bank of Bikaner & Jaipur (SBBJ) was an Indian public-sector banking institution and a subsidiary of State Bank of India. Its history began with two regional banks: Bank of Bikaner Ltd., established in 1943–44, and Bank of Jaipur Ltd., established during the same period. In 1960, both institutions were brought into the State Bank of India subsidiary structure and were renamed State Bank of Jaipur and State Bank of Bikaner. They were combined on 1 January 1963 to form State Bank of Bikaner & Jaipur under the framework of the State Bank (Subsidiary Banks) Act, 1959. SBBJ developed a strong regional identity in Rajasthan while gradually extending its presence to major commercial centres elsewhere in India. The bank was the only public-sector bank headquartered in Rajasthan, and its branch network remained concentrated in the state even as it expanded nationally. By 2015, it operated approximately 1,360 branches, with branches outside Rajasthan serving important business centres across the country. Its activities covered conventional commercial and retail banking, including deposit-taking, lending, branch banking and related financial services. The bank also had an important rural-development role through the regional rural banks it sponsored and through lead-bank responsibilities in nine districts of Rajasthan. The institution grew substantially from its early scale. At formation, the combined bank reportedly had business of about Rs. 45 crore, net profit of Rs. 7.5 lakh and 124 branches, 96 of them in Rajasthan. By March 2013, its reported business had reached Rs. 1,30,590 crore and net profit had reached Rs. 730.24 crore. For financial year 2015–16, reported net profit was Rs. 8.5 billion. These figures describe different reporting periods and should not be compared as a single like-for-like performance series. SBBJ also participated in consolidation within rural banking. It sponsored Marwar Gramin Bank, Sriganganagar Kshetriya Gramin Bank and Bikaner Kshetriya Gramin Bank. The three sponsored regional rural banks were combined in June 2006 as MGB Gramin Bank, headquartered in Jodhpur. In February 2013, MGB Gramin Bank and Jaipur Thar Gramin Bank, which had been sponsored by UCO Bank, were merged to create Marudhara Gramin Bank, sponsored by SBBJ and headquartered in Jodhpur. The bank entered the capital market in 1997–98 through an initial public offering. The offering was reported as 1,360,000 shares at a premium of Rs. 440 per share, while SBI retained a controlling 75% holding and institutions and the general public held the remainder. Its standalone existence ended as part of the Government of India's broader plan to consolidate State Bank of India and its associate banks. The proposed merger with SBI and five other associate banks was ratified on 15 February 2017, and SBBJ was merged into State Bank of India on 31 March 2017. The SBBJ brand therefore remains principally a historical banking brand rather than an active standalone institution.
History
The origins of State Bank of Bikaner & Jaipur lay in the creation of two regional banks in Rajasthan during 1943–44: Bank of Bikaner Ltd. and Bank of Jaipur Ltd. Their later incorporation into the State Bank of India subsidiary system reflected the post-independence development of public-sector banking and the effort to extend organized banking across regional economies. In 1960, the two institutions became SBI subsidiaries under the names State Bank of Bikaner and State Bank of Jaipur. On 1 January 1963, they were consolidated as State Bank of Bikaner & Jaipur. The new bank operated under the legal and institutional framework established by the State Bank (Subsidiary Banks) Act, 1959. At the time of its formation, it had 124 branches, including 96 in Rajasthan, business of approximately Rs. 45 crore and net profit of Rs. 7.5 lakh. Its regional focus remained central to its identity, but the bank progressively extended its network beyond Rajasthan to major commercial centres elsewhere in India. It was described as the only public-sector bank headquartered in Rajasthan. SBBJ expanded both its branch footprint and its role in rural finance. It acquired the business of Govind Bank Pvt. Ltd. of Mathura on 25 April 1966. The bank sponsored three regional rural banks: Marwar Gramin Bank in 1976, Sriganganagar Kshetriya Gramin Bank in 1984 and Bikaner Kshetriya Gramin Bank in 1985. These institutions were consolidated in June 2006 as MGB Gramin Bank, headquartered in Jodhpur. On 25 February 2013, MGB Gramin Bank and Jaipur Thar Gramin Bank were combined to create Marudhara Gramin Bank, also headquartered in Jodhpur and sponsored by SBBJ. The bank additionally carried lead-bank responsibility in nine districts of Rajasthan. The institution's scale increased significantly over time. By 30 September 2013, it reportedly had 1,049 branches, including 862 in Rajasthan, while its business by March 2013 was reported at Rs. 1,30,590 crore and net profit at Rs. 730.24 crore. By 2015, the network had reached about 1,360 branches, with the majority still located in Rajasthan. The bank's expansion combined local familiarity with access to the wider SBI group and helped it serve retail customers, businesses, institutions and rural communities. SBBJ entered India's capital market in 1997–98 with an initial public offering. The reported issue comprised 1,360,000 shares offered at a premium of Rs. 440 per share. SBI remained the controlling shareholder with 75% of the equity, while institutions and the public held the balance. The listing gave the bank an external shareholder base while preserving its position within the SBI public-sector structure. In the 2010s, the Government of India and State Bank of India pursued a consolidation strategy intended to create a larger and more internationally competitive SBI. The plan included SBBJ and five other SBI associate banks. Government approval was given on 15 February 2017, and SBBJ was merged into SBI on 31 March 2017. The merger ended SBBJ's independent corporate existence and transferred its operations into State Bank of India's network. Its historical significance rests on its role as a Rajasthan-rooted public-sector bank, its contribution to rural banking structures and its place in the final consolidation of the former SBI associate-bank system.
- 2017
Merged into State Bank of India
[1]The Government of India ratified the merger plan on 15 February, and SBBJ became part of SBI on 31 March 2017.
- 2015
Branch network reaches approximately 1,360 locations
[1]SBBJ was reported to have approximately 1,360 branches, predominantly in Rajasthan, with additional coverage of major Indian business centres.
- 2013
Marudhara Gramin Bank created
[1]MGB Gramin Bank and Jaipur Thar Gramin Bank were merged on 25 February 2013 to create Marudhara Gramin Bank under SBBJ sponsorship.
- 2006
Sponsored rural banks consolidated as MGB Gramin Bank
[1]Three regional rural banks sponsored by SBBJ were merged in June 2006 to form MGB Gramin Bank, headquartered in Jodhpur.
- 1997
Initial public offering
[1]SBBJ entered the capital market in 1997–98 through an issue reported at 1,360,000 shares and a premium of Rs. 440 per share.
- 1966
Govind Bank business acquired
[1]SBBJ took over the business of Govind Bank Pvt. Ltd. of Mathura on 25 April 1966.
- 1963
State Bank of Bikaner & Jaipur formed
[1]The two SBI subsidiary banks were merged on 1 January 1963 to create SBBJ.
- 1960
Predecessor banks become SBI subsidiaries
[1]The two predecessor banks were incorporated as State Bank of India subsidiaries and renamed State Bank of Jaipur and State Bank of Bikaner.
- 1943
Bank of Bikaner Ltd. established
[1]Bank of Bikaner Ltd. came into existence during the 1943–44 period, forming one of the institutional predecessors of SBBJ.
- 1943
Bank of Jaipur Ltd. established
[1]Bank of Jaipur Ltd. was established during the 1943–44 period as the second predecessor of SBBJ.
Products and positioning
A Rajasthan-centered public-sector bank combining regional reach with the institutional backing of State Bank of India. Its identity was built around branch banking, commercial finance, rural development and coverage of both Rajasthan and major business centres elsewhere in India.
Consumer banking
Retail banking
SBBJ provided branch-based banking for individuals and households within its public-sector banking network. Its retail activity formed part of the standard deposit-taking and lending role of a full-service Indian commercial bank. The available reference material does not identify specific product names, fee schedules or branded account programs.
Business banking
Commercial and institutional banking
The bank served business and institutional customers through deposits, credit and other commercial banking services. Its branch presence in Rajasthan and other major Indian business centres supported regional enterprises as well as customers requiring a wider national network. Specific sector products are not identified in the supplied sources.
Rural finance
Agricultural and rural banking
Rural banking was an important institutional function of SBBJ. The bank sponsored several regional rural banks and carried lead-bank responsibility in nine districts of Rajasthan. Its sponsored-bank structure was later reorganized through the creation of MGB Gramin Bank and then Marudhara Gramin Bank.
Brand decisions
2017
Merger into State Bank of IndiaM&ABackground
State Bank of India pursued consolidation with its associate banks as part of a plan to create a larger and more competitive banking group.
Action taken
The Government of India ratified the merger of SBBJ and five other SBI associate banks on 15 February 2017. SBBJ was merged into SBI on 31 March 2017.
Aftermath
SBBJ ceased to exist as a separate banking institution, and its operations became part of State Bank of India's network.
2013
Creation of Marudhara Gramin BankM&ABackground
MGB Gramin Bank, sponsored by SBBJ, and Jaipur Thar Gramin Bank, sponsored by UCO Bank, were consolidated.
Action taken
The two regional rural banks merged on 25 February 2013 to form Marudhara Gramin Bank, sponsored by SBBJ and headquartered in Jodhpur.
Aftermath
The merger further rationalized regional rural banking in Rajasthan under a larger sponsored institution.
2006
Consolidation of SBBJ-sponsored regional rural banksM&ABackground
SBBJ sponsored three regional rural banks created in Rajasthan during the 1970s and 1980s.
Action taken
The three banks were merged in June 2006 to form MGB Gramin Bank, headquartered in Jodhpur.
Aftermath
The consolidation created a single SBBJ-sponsored regional rural bank covering the relevant rural banking operations.
Sources1 sources
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