The rich heritage of State Bank of Patiala dates back to the year 1917, when it was founded by Late His Highness Bhupinder Singh, Maharaja of erstwhile Patiala state, with one branch by the name of 'Chowk Fort, Patiala' to begin with. The Bank, then known as the 'Patiala State Bank' was state owned and setup for the explicit purpose of fostering growth of agriculture, trade and industry. The constitution, scope and operations of the Bank underwent a sea change with the formation of the Patiala and east Punjab States Union (PEPSU) in 1948.The Bank was then reorganized and brought under the control of Reserve Bank of India.

It was christened as the Bank of Patiala. Another milestone in history of the Bank was its becoming a subsidiary of the State Bank of India on 1st April,1960 when it was named as the State Bank of Patiala and since then it has grown significantly both in size and volume of business. During these glorious years, the Bank has been playing an important role in banking sphere.

Our bank has now added a golden chapter to its history by fully computerising all its branches on 24th January 2003 and became the first fully computerized Public Sector Bank in the country.

NRI Corner - Mutual Fund
Welcome to SBI Mutual Fund (SBI MF), one of the premier fund houses in the country with over 20 years of rich experience in fund management and an investor base of over 35 lacs. At SBI Mutual Fund, we devote considerable resources to gain, maintain and sustain our profitable insights into market movements. This is critical, especially at this point of time, when the Indian economy is going through one of its most exciting phases ever.

India is on its way to become a superpower in the world economy and that is mainly due to two factors: the contribution of Indians around the world and the Indian economy itself. Indians abroad have done us proud through their contributions in various fields and are one of the most sought after professionals managing some of the top companies around the world. The Indian economy itself is booming with various positive factors like impressive growth in profitability of Indian corporate houses, good overall growth of the economy at around 8 – 8.5 percent, and increase in appetite of domestic companies to acquire overseas companies. The commitment shown by Government of India towards growth in infrastructure, financial markets, retail sector, communications (mobile & net) have increased the momentum further. Given these opportunities, investing in Indian markets is ideal right now.

NRIs have always been one of the most important focuses of our business and it is our endeavor to serve the growing needs of our NRI investors. We have created an exclusive section called “NRI Corner” for your mutual fund information and investment needs so that you do not miss out an opportunity to invest in the Indian markets.

We, at SBI Mutual Fund, consistently strive to ensure our investors get value for their investments and have won several accolades from the industry. The trust of over 35 lac investors is a genuine tribute to our fund management expertise. Keeping in mind the changing market scenario we continuously strive to meet your expectations with new products and services.