A subsidiary of State Bank of India, State Bank of Bikaner and Jaipur (SBBJ) is one of the reputed banks of Rajasthan. SBBJ was established in 1963, when the erstwhile State Bank of Jaipur (founded in 1943) and State Bank of Bikaner (founded in 1944) were amalgamated. Headquartered in Rajasthan, the Bank is nationalized, with its branches located at all the important centers in India. SBBJ has 860 branches out of which, 849 are business branches, eight are service branches, 2 are asset recovery branches and the rest 1 is treasury branch.
A transparent corporate governance policies is followed by SBBJ. The Bank is heading for a smooth migration to Basel II. The Bank migrated all its branches to Core Banking Solution (CBS) during 2005-2006. The Bank boasts of having as many as 453 ATMs throughout India, all of them being the part of over 10000 ATMs of State Bank Group. Apart from the ATMs facility, SBBJ also provides the option of internet banking, which is extended to all its branches for retail customers. However, the select branches of the Bank provide internet banking facility for corporate customers only.
In order to improve the efficiency of operations and to satisfy the customers in a better way, SBBJ has started Business Process Reengineering (BPR) initiatives. It is committed to offer value added services to its customers and aims at maintaining full customer satisfaction. It is recorded that the Bank's business has crossed the mark of Rs 59,427 Crore, with a net profit of Rs. 315.00 Crore at the end of March 2008. The Bank offers a plethora of services to its customers.