Patna is the largest city in Bihar and the second largest in eastern India, right after Kolkata. It is also the capital city of the state. The city is located on the southern bank of River Ganga. This city was found in 490BC by the Magadha empire and was named Pataliputra. The city has been under the dominance of great dynasties such as the Mauryas, Guptas, Palas and Nandas, who made this city a seat of arts and education in the olden days. Being the 5th among the fastest growing cities in the country, the World Bank had ranked Patna as the second most business-friendly Indian city in 2009. It is one of the rapidly growing Indian cities with the GDP of around 7.29%, which is on the rise with each passing year. It is one of the oldest cities of India. A primarily agricultural city, Patnas economy is based on the production and export of sugarcane, sesame, grains and rice. In the last few years, Patna has undergone a sustained growth phase due to the ?Green Revolution? business, which saw the rise of the FMCG industry and excellent performance of the service sector. This city is developing at a rapid pace as many SMEs and heavy industries are expanding to offer people numerous opportunities, thus making Patna a highly convenient place for people to settle down.
The State Bank of India was found on 1 July 1955. The Reserve Bank of Indias stake in SBI, took over by the government of India in 2008 to remove any conflict of interest because the RBI is the banking regulatory authority of India. The government passed the (Subsidiary Banks) Act, State Bank of India in 1959. This made SBI subsidiaries free, that had belonged to princely states before their nationalization. The operational takeover between September 1959 and October 1960, had earned eight associate state banks for SBI. The SBI united with the first Five Year Plan, which prioritized the development of rural India. The government integrated these associate banks into the State Bank of India system to expand its rural outreach. The State Bank of Jaipur and State Bank of Bikaner was merged with the State Bank of India in 1963. The SBI had 59,291 ATMs as of 31st March 2017. The SBI provided an integrated digital banking platform named "YONO" to its customers. The equity shares of SBI are listed on the Bombay Stock Exchange, and NSE.