21 October 2016 Current Affairs: 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.
The award was given by Kalraj Mishra – Union Minister for Micro Small and Medium Enterprises, Government of India.
The Bank is maintaining momentum in lending to this sector during the current financial year also. With a view to extend the coverage of MSME sector, the Bank has 30 MSME specialized branches.
State Bank of Patiala : State Bank of Patiala, founded in 1917, is associate bank of the State Bank Group. Presently, State Bank of Patiala has a network of 1445 service outlets, including 1314 branches, in all major cities of India.