State Bank of Mysore

State Bank of Mysore

Company type	Public sector
Traded as	BSE: 532200 NSE: MYSOREBANK
ISIN	INE651A01020
Industry	Banking, Insurance, Capital Markets and allied industries
Predecessor	The Bank of Mysore Ltd.
Founded	2 October 1913; 110 years ago (1913-10-02) as The Bank of Mysore Ltd.
Founder	Sir M. Visvesvaraya
Defunct	31 March 2017 (2017-03-31)
Fate	Merged with State Bank of India
Successor	State Bank of India
Headquarters	Bangalore
Number of locations	1074 branches and 9 extension counters[1]
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[2]
Net income	₹276 Crores[citation needed]
Total equity	3988 Crores as on 31 Mar 2014[3]
Number of employees	10,226 (31 December 2016)[4] 3,600 supervisory staff 6,626 non-supervisory staff
Parent	State Bank of India (90%)
Website	bank.sbi

State Bank of Mysore was a Public Sector bank in India, with headquarters at Bangalore. It was one of the five associate banks of State Bank of India, all of which were consolidated with the State Bank of India with effect from 1 April 2017.

State Bank of Mysore was established in the year 1913 as The Bank of Mysore Ltd. under the patronage of Maharaja Krishna Raja Wadiyar IV, at the instance of the banking committee headed by the great Engineer-Statesman, Bharat Ratna Sir M.Visvesvaraya. During 1953, "Mysore Bank" was appointed as an agent of Reserve Bank of India to undertake Government business and treasury operations, and in March 1960, it became a subsidiary of the State Bank of India under the State Bank of India (subsidiary Banks) Act 1959. Now the bank is an Associate Bank under State Bank Group and the State Bank of India holds 92.33% of shares.^[5] The Bank's shares were listed in Bangalore, Chennai, and Mumbai stock exchanges.

This bank had 976 branches and 10627 employees (June 2014) and the Bank has 772 branches (79%) in Karnataka State.^[6] The bank had regional offices in Bangalore, Mysore, Mangalore, Mandya, Hassan, Shimoga, Davangere, Bellary, Tumkur, Kolar, Chennai, Coimbatore, Hyderabad, Mumbai and New Delhi. The bank's turnover in the year 2013-2014 was around US$19 Billion and Profit about US$46 Million.