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State Bank of Mysore Review

State Bank of Mysore which was called earlier as Bank of Mysore Ltd. was established in the 1913.The founder the bank was the great Sri.M.Visveswaraya. The Bank provides banking and financial services which includes a variety of deposit schemes, Loan schemes, online banking and other services for the convenience of its customers. State Bank of Mysore is one of the largest banks in India. The bank has got a wide spread network with more than 654 branches across India which includes 10 agricultural branches, 4 exclusive branches for personal banking and 3 corporate account branches. The bank has highly qualified and experienced workforce of more than 9720 employees to serve the customers for their better tomorrow.

Mr.P.P.Pattanayak is the Managing Director of the bank who has got more than 2 decades of experience in banking and financial institutions. SBI holds 92.33% of the paid up capital of SBM. The Bank of Mysore a variety of online services to its customers like online bill payments ,transfer of funds, mini statement of the account, online request for cheque books and demand drafts etc. So, one can sit at home and manage their account easily and comfortably. The bank assures the safety of its customer’s accounts through online operations. Online stock trading can be done through SBICAP securities Ltd., Which is started by SBI. One can visit their website for more details on the services provided by the bank. Now, SBM is providing SMS alerts to its customers on the latest updates of the bank and their transactions. To avail this facility, contact the concerned staff and get registered.

SBM is providing loans for the students who got selected for post graduation courses by VTU. The candidates who are eligible can apply for loans. The bank presently is offering attractive interest rates to its customers in various schemes. SBM provides housing loans, car loans, mortgage loan, personal loan and loan for the purchase of site. As we have seen the number of SBI’s Q2 results which holds 92.33% share of SBM, can say that SBM is financially safe and is well insulated from global financial crisis. So, the investors are requested to holds their stocks of SBM as they are expected to recover strongly. The bank is updating its website every time. So, one can visit the bank’s official website for further details.