State Bank of Patiala gets new MD

State Bank of Patiala will have a new Managing Director in Mr Achal Kumar Gupta from Monday. Prior to this move, Mr Gupta was Deputy Managing Director at State Bank of India. For the last eight months, the bank was managed by Mr Anjan Kumar Basu, who was the acting Managing Director. The bank plans to open 70 more branches in the country, Mr Basu said. In 2011-12, the bank had opened 51 new branches taking the overall network to 1,055 branches spread over 20 States and Union Territories.