Whole New Avatar of State bank of Bikaner and Jaipur (SBBJ).

With whole new banks Poster of a camel in a desert creating its own successful path towards its destiny and with a new tag Line, Mr. Shiv Kumar M. D. of State bank of Bikaner and Jaipur bank with their fellow Directors yesterday (1st February 2012) held press Conference in Taj Mumbai. Following are some key Financial takeouts: Excellent Q3 growth of operating profit (53%) during the quarter ended Dec. 2011. Operating profit for the quarter ended 31.12. 2011 at Rs.425.67 Crores which is 53.05% higher when it compare to Rs.278.12 Crores for the quarter ended 31.12.2010 Net profit of the bank also shown considerable jump of 23.77%. The Net profit for the quarter is 163.94 Crores against Rs.132.46 Crores for the corresponding quarter last year. The Net Interest Income at Rs.629.57 Crores for the Quarter ended 31.12. 2011 shows an increase of 36.83% over the corresponding quarter of the last year which was at Rs.460.11 Crores No increase in NPA level is major highlight of the banks performance during quarter. Bank has brought down its Gross NPA from Rs.1652 Crores to Rs 1631 Crores for this quarter. Bank is also aiming to reduce it further to Rs.1500 Crore till 2012. Mr. Shiv Kumar also added that Bank is amongst the best performing Bank on NPA Front during the quarter. Its all due to better fund management and high yielding asset acquisition.

Innovations
SBBJ banks all new upcoming innovations are purely for Customer Delight, without any outsourcing services bank has launched these services in last 6 months with collective efforts from all branches, management teams at all level and feedbacks from employees. Living up to the tagline Leading Innovations, Simplifying Banking and Building future SBBJ introduce following services to its customers. SMS Unhappy Service This Service is for those customers who are unhappy with any of the services which are bank offering. Whether it is complaint of front desk or back office operations, customer can easily launch their complaints without any paper work and with electrifying execution from bank side with single SMS. Mr. Shiv Kumar also added that this is first ever service launch by any PSU Bank in India.

Car Loan in Ten Minutes and Home Loan Twenty Minutes - Indias first ever bank who sanction loan in just few minutes for customers for their car and Home Loan requirements. Mission Five With aim of being the Best Customer service provider SBBJ has launched mission five at all braches to improve operational efficiency at ground level. Mission Five Includes Mission Clean, Mission Samay, Mission Muskan, Mission Thank you and Mission Comfort. Kohinoor Royale Banking Indias First ever bank targeting and launching separate Bank Branch for Ultra HNI segment. Kohinoor Royal Banking offers all kind of lavish services to Ultra HNI customers with minimum deposits of Rs 1 Crore. Cross selling Bazaar branch The whole new Branch which only dedicated to the selling of various Insurance Products, Mutual fund Products, Credit Cards. Customer can have shopping kind of experience when they walk into cross selling bazaar branch to fulfill their investment needs. Online Govt. Business Branch SBBJ got approval from Government to collect Tax corpus from their customers. So now SBBJs Customers can pay their tax liability online with the help of the added Feature. SBBJ has also launched Online Business center , Account Tracking center, SBBJ back Office National Center and SBBJ Dotcom for providing better technology based and all kind of assistance to its customers. Mr Shiv Kumar also added that all above services are first of its kind services from any PSU Banks in India Sanket Bhelose Associate - Equitorials