www.statebankofmysore.co.in - State Bank Of Mysore Q3 Results 2011

State Bank of Mysore 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.Visvesvaraya. 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.\

Financial Profile

The paid up capital of the Bank is Rs.360 Millions as on 31.03.2010 out of which State Bank of India holds 92.33%. The networth of the Bank as on 31.03.2010 is Rs.2073.40 Crores and the Bank has achieved a capital adequacy ratio of 12.42% as at the end of 31.03.2010. The Bank has an enviable track record of earning profits continuously and uninterrupted payment of dividend since its inception in 1913. The Bank earned a net profit of Rs.445.77 Crores for the year ended March 2010 and earning per share is at Rs.124/-

Business Profile

Total deposits of the Bank as at the end of June 2010 is Rs.39488.95 Crores and the total advances stood at Rs. 30603.18 Crores which include export credit of Rs. 1209.19 Crores.The Bank is a major player in foreign exchange dealings also and has achieved a merchant turnover of over Rs 30678.46 Crores and a trading turnover of over Rs 125156.64 Crores for the year ended March 2010.

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