State Bank of Patiala has been conferred “Special Award for Excellence in MSME lending” for its performance in lending to the MSME sector during the year 2013-14 and 2014-15 with a growth of Rs 2597 crore (annualized 23%) and Rs 994 crore (annualized 7.10%) respectively, covering the entire range of services.

• S A Ramesh Rangan, Managing Director and Devendra Kumar, General Manager, State Bank of Patiala received the award on behalf of the Bank in the National Award Function held at Punjab Agricultural University (PAU), Ludhiana wherein the Prime Minister of India, Narendra Modi, was the chief guest.
• The award was given by Kalraj Mishra – Union Minister for Micro Small and Medium Enterprises, Government of India.

DO YOU KNOW?

State Bank of Patiala

• State Bank of Patiala, founded in 1917, is associate bank of the State Bank Group.
• Bhupinder Singh, Maharaja of Patiala State, founded the Patiala State Bank on 17 November 1917 to foster growth of agriculture, trade and industry.
• The bank combined the functions of a commercial bank and those of a central bank for the princely state of Patiala.
• The bank had one branch at Chowk Fort, Patiala, Undivided India.

Kalraj Mishra 

• Kalraj Mishra is the Indian Union Cabinet Minister of Micro, Small and Medium Enterprises.
• Mishra was born in Malikpur (Saidpur) of Gazipur District ,eastern UP.
• He is a member of parliament from Deoria constituency in Uttar Pradesh. .