State Bank of Mysore

State Bank of Mysore To Convene AGM On 04 June 2013 State Bank of Mysore has announced that the 53rd annual general meeting of the bank will be held on 04 June 2013.

State Bank of Mysore Recommends Dividend Of Rs 11.50 Per Share The board of State Bank of Mysore in its meeting held on 29 April 2013, has recommended an interim dividend of 115% i.e. Rs 11.50 per share (Face value of Rs 10 per share) during the Financial Year 2012-13. Interim dividend has been treated as final dividend.

State Bank of Mysore to consider final dividend Board meeting on 29 April 2013 The board meeting of State Bank of Mysore will be held on 29 April 2013 to consider and take on record the audited financial results of the bank as on 31 March 2013 and to recommend final dividend, if any.

State Bank of Mysore declares interim dividend At the rate of Rs 11.50 per share The board of State Bank of Mysore at its meeting held on 19 March 2013 has approved the declaration of interim dividend at Rs 11.50 per share with face value of Rs 10.

State Bank of Mysore to consider interim dividend Board meeting on 19 March 2013 The board meeting of State Bank of Mysore will be held on 19 March 2013 to consider declaration of interim dividend to the shareholders of the bank.

State Bank of Mysore to raise equity via IPP The shareholders of State Bank of Mysore in a meeting held on 11 March 2013 have approved to raise equity shares through institutional placement programme (IPP) route.

State Bank of Mysore to hold general meeting On 11 March 2013 State Bank of Mysore has announced that a general meeting of the shareholders of the bank will be held on 11 March 2013.

State Bank of Mysore revises BPLR & Base Rate Effective from 04 March 2013 State Bank of Mysore has announced that the bank has revised the bench-mark prime lending rate down by 25 bps from 15.25% to 15.00% and base rate by 10 bps from 10.25% to 10.15% effective from 04 March 2013.

Gururaj Acharya K ceases as director of State Bank of Mysore On 09 February 2013 State Bank of Mysore has announced that the term of office of the nominated director, Gururaj Acharya K, nominated under section 25 (1) (d) of the State Bank of India (Subsidiary Banks) Act, 1959 has expired on 09 February 2013.

State Bank of Mysore appoints shareholder director With effect from 15 February 2013 State Bank of Mysore has announced that Ramasubramanian S has been elected as director of State Bank of Mysore for period of 3 years with effect from 15 February 2013 to 14 February 2016, in terms of section 25(1) (d) of the State Bank of India (Subsidiary Bank) Act, 1959.

State Bank of Mysore to raise equity capital Through IPP route The board of State Bank of Mysore in its meeting on 04 February 2013 has approved the proposal to raise equity shares through institutional placement programme (IPP) route.

State Bank of Mysore to hold board meeting On 04 February 2013 The board meeting of State Bank of Mysore will be held on 04 February 2013 to consider raising of equity share capital through institutional placement programme.

State Bank of Mysore changes depreciation method of fixed assets State Bank of Mysore has changed the accounting method of depreciation on fixed assets from straight line method (SLM) to written down value (WDV) method.

State Bank of Mysore to hold general meeting On 14 February 2013 State Bank of Mysore has announced that the general meeting of the shareholders of the bank will be held on 14 February 2013 for the purpose of electing one person to be a director on the board of the bank. If only one valid nomination is received, such person`s name will be declared as elected. There shall not be any election and the above general meeting shall stand cancelled.

State Bank of Mysore to revise it base rate With effect from 03 October 2012. State Bank of Mysore has announced that the bank has revised the base rate downwards by 25 basis points from 10.50% to 10.25% with effect from 03 October 2012.

Sharad Sharma assumes charge as MD of State Bank of Mysore With effect from 13 August 2012 State Bank of Mysore has announced that State Bank of India has appointed Sharad Sharma as managing director of the bank for a period of two years from date of his assuming charge vide gazette notification 23 July 2012. Accordingly, Sharad Sharma has assumed charge as managing director of the bank with effect from 13 August 2012. Further, the bank`s previous managing director Dilip Mavinkurve has retired from the service on attaining superannuation on 31 March 2012.

State Bank of Mysore to announce financial results Board meeting on 23 April 2012 The board meeting of State Bank of Mysore will be held on 23 April 2012 to consider the audited financial results of the bank as on 31 March 2012 and to consider payment of annual dividend.

State Bank of Mysore declares interim dividend Of Rs 10 per share The board of State Bank of Mysore in its meeting on 22 March 2012 has declared interim dividend at the rate of Rs 10 per share.

State Bank of Mysore to consider interim dividend Board meeting on 22 March 2012 The board meeting of State Bank of Mysore will be held on 22 March 2012 to consider declaration of interim dividend.

State Bank of Mysore to increase its BPLR With effect from 01 November 2011 State Bank of Mysore has revised the Bank`s Prime Lending Rate upwards by 25 bps from 15.00% p.a. to 15.25% p.a. with effect from 01 November 2011.

B Ramesh Babu ceases as director of State Bank of Mysore With effect from 30 September 2011 State Bank of Mysore has announced that the State Bank of India has nominated Shyamal Acharya, deputy managing director & group executive (associates & subsidiaries), State Bank of India Corporate Centre, Mumbai as director of the bank with effect from 01 July 2011 and K N Nayak, deputy general manager (A&S) as director of the bank with effect from 30 September 2011. Further, the term of B Ramesh Babu, director has ended on 30 September 2011.

K Anand ceases as director of State Bank of Mysore With effect from 16 September 2011 State Bank of Mysore has announced that the State Bank of India has nominated A K Deb, Chief General Manager (Associates & Subsidiaries) State Bank of India as director on the bank`s board with effect from 04 September 2011. Further, K Anand ceased to be director of the bank with effect from 16 September 2011 on completion of his term.

State Bank of Mysore increases its base rate With effect from 05 August 2011 State Bank of Mysore has revised the base rate upwards by 50 bps from 9.75% p.a. to 10.25% p.a. with effect from 05 August 2011.

State Bank of Mysore increases its prime lending rate By 25 bps State Bank of Mysore has announced that the bank has revised the bank`s prime lending rate upwards by 25 bps from 14.25% to 14.50% per annum with effect from 11 July 2011.

State Bank of Mysore increases its base rate & BPLR With effect rom 11 May 2011 State Bank of Mysore has revised the Bank`s Prime Lending Rate upwards by 50 bps from 13.75 % p.a to 14.25 % p.a. with effect from 11 May 2011. The bank has also revised the base rate upwards by 50 bps from 9.00% p.a to 9.50% p.a. with effect from 11 May 2011.

State Bank of Mysore recommends dividend Of Rs 10 per share The board of State Bank of Mysore in its meeting on 29 April 2011 has recommended dividend at the rate of Rs 10 per share for the year ended 31 March 2011.

State Bank of Mysore adjourns board meeting To 29 April 2011 The board meeting of State Bank of Mysore which is scheduled to be held on 26 April 2011, the meeting will now be held on 29 April 2011.

State Bank of Mysore to announce financial results Board meeting on 26 April 2011 The board meeting of State Bank of Mysore will be held on 26 April 2011 to consider and take on record audited financial results of the bank as on 31 March 2011 and to consider payment of annual dividend.

State Bank of Mysore increases its base rate With effect from 04 April 2011 State Bank of Mysore has revised the base rate upwards by 25 bps from 8.75% p.a. to 9.00 % p.a. with effect from 04 April 2011.

State Bank of Mysore increases its base rate With effect from 14 February 2011 State Bank of Mysore has revised the base rate upwards by 25 bps from 8.50% p.a. to 8.75% p.a. with effect from 14 February 2011.

State Bank of Mysore appoints director With effect from 25 December 2010 State Bank of Mysore has announced that State Bank of India has nominated B Ramesh Babu, deputy general manager (associates and subsidiaries), State Bank of India, A & S Group, Mumbai as a director on the board of State Bank of Mysore in place of S A Thimmiah with effect from 25 December 2010.

State Bank of Mysore to increase its base rate With effect from 06 January 2011 State Bank of Mysore has announced that the bank has revised the base rate upwards by 25 bps from 8.25% p.a. to 8.50% p.a. with effect from 06 January 2011.

Reserve Bank of India appoints M Sarkar Deb as director of State Bank of Mysore With effect from 03 January 2011 State Bank of Mysore has announced that Reserve Bank of India has appointed M Sarkar Deb, Chief General Manager, Reserve Bank of India, Department of External Investments and Operations, Central Office, Mumbai as a director on the board of State Bank of Mysore in place of Ratna K Makhija with effect from 03 January 2011 until further orders.

State Bank of Mysore increases its base rate With effect from 22 December 2010 State Bank of Mysore has revised the base rate upwards by 25 bps from 8% p.a. to 8.25% p.a. with effect from 22 December 2010.

State Bank of Mysore increases its base rate With effect from 01 November 20110 State Bank of Mysore has revised the base rate upwards by 25 bps from 7.75% p.a. to 8.00 % p.a. with effect from 01 November 2010.

Central Government appoints Gururaja Rao as director of State Bank of Mysore With effect from 07 September 2010 State Bank of Mysore has announced that the Central Government after consultation with the Reserve Bank of India has nominated Gururaja Rao, manager, State Bank of Mysore as officer employee director on the board of directors of State Bank of Mysore for a period of three years from 07 September 2010 or till he ceases to be an Officer of the State Bank of Mysore or until further orders whichever is the earliest.

Central Government appoints Milind S Katti as director of State Bank of Mysore With effect from 31 August 2010 State Bank of Mysore has announced that the Central Government has appointed Milind S Katti, single window operator, State Bank of Mysore, Hubli Main Branch as workmen employee director on the board of directors of State Bank of Mysore for a period of three years with effect from 31 August 2010 or till he ceases to be a workmen employee of State Bank of Mysore or until further orders, whichever is the earliest.

State Bank of Mysore's board approves rights issue The board of State Bank of Mysore in its meeting on 25 August 2010 has fixed Rs. 540 as the issue price for the proposed rights issue of 108 lakh equity shares of Rs 10 each.

State Bank of Mysore to increase its BPL rate With effect from 18 August 2010 State Bank of Mysore has revised the Benchmark Prime Lending Rate (BMPLR) up by 50 basis points with effect from 18 August 2010. The bank's prime lending rate is currently 12.25%.

State Bank of Mysore fixes base rate At 7.75% Bank of Mysore has fixed the base rate at 7.75% as per RBI guidelines with effect from 01 July 2010.