History of State Bank Of Mysore

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State Bank of Mysore was a nationalised bank in India, with headquarters at Bengaluru. It was one of the five associate banks of State Bank of India.

History Year - event
1913 - The Bank was established as 'Bank of Mysore Ltd.', on 19 May, with an authorised capital of Rs.20.00 lakhs.
Commenced its business on 2 October 1913.

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 10 September, the Bank was constituted as State Bank of Mysore as a Subsidiary of State Bank of India, under State Bank of India [Subsidiary Bankss] Act, 1959 enacted through an Act of Parliament, [Act No. 38 of 1959s].

1959 -The bank has formulated schemes for financing coffee planters/coffee traders against coffee curers certificate, financing coffee traders, coffee exporters & coffee curers who also engage in trading.

Bank profile:

Type Public sector

Traded as BSE: 532200

NSE: MYSOREBANK

ISIN: INE651A01020

Industry Banking, Insurance, Capital Markets and allied industries

Fate Merged with State Bank of India

Predecessor The Bank of Mysore Ltd.

Successor State Bank of India

Founded 2 October 1913;

103 years ago as The Bank of Mysore Ltd.

Founder Sir M. Visvesvaraya

Headquarters Bengaluru

Number of locations 1074 branches and 9 extension counters

Area served India

Key people Chairman: Arundhati Bhattacharya

Managing Director: N.K.Chari

Products Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri
Banking Schemes, SME Banking Schemes

Services Loans, Deposits, Mobile Banking, ATM Services, NRI Services, Real
Time Gross Settlement (RTGS) Transactions, National Electronic Fund Transfer
(NEFT), Internet Banking, Debit Card

Total equity 3988 Crores as on 31 Mar 2014

Number of employees

10,226 (December 31, 2016)

3,600 supervisory staff

6,626 non-supervisory staff

Parent State Bank of India (holds 90.00% shares)

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