State Bank of Patiala plans to launch exclusive locker branch

State Bank of Patiala, an associate bank of State Bank of India is planning to launch a branch that will offer some services of beauty parlour along with the safe deposit locker. This is an exclusive account that will work as palour cum bank. The bank is establishing the branches in Mumbai and will start them most probably by the end of July 2014. The bank is also planning to roll out a couple of locker branches at Delhi and Chennai, albeit at a later date. The bank reported 34.20% fall in its net profit at Rs 2234.34 crore for third quarter ended December 31, 2013 as compared to Rs 3396.06 crore for the same quarter in the previous year. However, total income of the bank increased by 14.91% at Rs 39060.76 crore for quarter under review as compared to Rs 33992.11 crore for the quarter ended December 31, 2012.