Incorporated in 1913, State Bank Of Mysore is promoted by State Bank of India group. State Bank Of Mysore was established in the year 1913 as Bank of Mysore Ltd., under the patronage of the erstwhile Government of Mysore, at the instance of the banking committee headed by the Late Dr Sir M.Visvesvaraya. Subsequently, in March 1960, the Bank became an Associate of State Bank of India. The bank has a widespread network of 650 branches (as on 30.09.2007) and 20-extension counters spread all over India. The bank has a workforce of 9727. The bank has a track record of earning profits continuously and uninterrupted payment of dividend since its inception in 1913. Total deposits of the Bank as at the end of September 2007 is Rs.237477.20 millions and the total advances stood at Rs.183262.60 Millions which include export credit of Rs. 9606.70 Millions. The Forex turnover of the Bank crossed Rs.160093.40 Millions during the year 2006- 2007, which is 43.99% higher. The bank has set for itself an ambitious business growth target of Rs 69 billion. It will also cross sell products like life insurance, general insurance, mutual funds, and credit cards through all its branches. The Bank would continue its policy of credit and risk dispersal and greater thrust would be given to financing agriculture, SSI, retail and personal segments.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
