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State Bank of Mysore
State Bank of Mysore was set up in 1913. It was then known as Bank of Mysore Ltd. The bank became an SBI associate in 1960. SBI holds 92.33% of the bank's shares. Shares of State Bank of Mysore are listed at Mumbai, Bangalore and Chennai stock exchanges.
State Bank of Mysore possesses a wide network of branches, which numbered 654 in March 2008. The bank also has 20 extension counters. The bank's branches provide various types of specialized services. Some types of State Bank of Mysore branches are listed below.
- SSI branches
- Service Branches
- Industrial Finance branches
- Asset Recovery Branch
- Corporate Accounts Branches
- Treasury branches
- Personal Banking Branches
- Agricultural Development Branches
The State Bank of Mysore possess a 9720 strong employee base as per the March 2008 data. The bank's paid up capital amounted to Rs.360 Millions in the same reference period. The capital adequacy ratio of the bank was 11.73%. The net profit of the bank stood at Rs.3188.60 Millions for the March 2008 year ending.
Some brand new offerings from the State Bank of Mysore are listed below.
- Reverse Mortgage Scheme
- SBM Gagan Mitra
- Mybank Surakshana
- Savings Plus
- Mybank Udyogi Gnanamitra
- Personal Segment Advance meant for IPO Financing
The Reverse Mortgage scheme is a source of additional resource generation for the elderly citizens who own a house. SBM Gagan Mitra is a personal loan scheme, which provides finances for Air hostess and Pilot training courses. Mybank Surakshana is a deposit scheme, which comes with an insurance coverage. Savings Plus is an auto sweep product. Mybank Udyogi Gnanamitra finances higher study projects of employed individuals.
State Bank of Mysore also offers a host of other value added services, which include Internet banking services, Online share trading options, Agricultural finance schemes, finances for self help groups and NRI services to name a few.
Contact Bank:
State Bank of Mysore
Headquarter
K.G.Road,
Bangalore - 560009,
India
Phone number: 91 80 22353901 to 22353909; 22353473.
For further information please click the following links:
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