State Bank of Mysore
is a nationalised bank in India
State Bank of Mysore (Kannada
: ಸ್ಟೇಟ್ ಬ್ಯಾಂಕ್ ಆಫ್ ಮೈಸೂರು) was established in the year 1913 as Bank of Mysore Ltd. under the patronage of the erstwhile Govt. of Mysore, at the instance of the banking committee headed by the great Engineer-Statesman, Late Dr. Sir M.Visweswaraiah (Bharat Ratna). Subsequently, in March 1960, the Bank became an Associate of State Bank of India.State Bank of India holds 92.33% of shares. The Bank's shares are listed in Bangalore, Chennai, and Mumbai stock exchanges.
As an associate bank, State Bank of Mysore has a team of employees with a management.This bank has in excess of 650 branches, and 10200 employees. The bank has regional offices in Bengaluru,Mysore,Mangalore,Mandya,Hassan,Shimoga,Davanegere,Bellary,Tumkur,Kolar,Chennai,Coimbatore,Hyderabad,Mumbai and New Delhi.The bank's turnover in the year 2008-2009 was around US$10 Billion and Profit about US$65 Million.
<big>History Of State Bank Of Mysore</big>
YEAR EVENTS 1913 - The Bank was established as 'Bank of Mysore Ltd.', on the 19th May, & commenced its business on the 2nd October 1913, under the patronage of His Highness the Maharaja of Mysore, with an authorised capital of Rs.20.00 lakhs.
1953 - During the year, the Bank was appointed as an Agent of Reserve Bank of India to conduct Government business & treasury operations.
1959 - With effect from the 10th... Read More