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Company profile

State Bank of Mysore (Kannada : ) isa nationalised bank in India , with headquarters at Bangalore . Itis one of the five associate banks of State Bank of India . State Bank of Mysore was established in the year 1913 as TheBank of Mysore Ltd. under the patronage of thenMaharaja Krishna Raja Wadiyar IV of erstwhile Govt. ofMysore, 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 agentof Reserve Bank of India to undertake Government business andtreasury operations, and in March 1960, it became a subsidiaryof the State Bank of India under the State Bank of India(subsidiary Banks) Act 1959. Now the bank is an AssociateBank under State Bank Group and the State Bank of India holds92.33% of shares .[3] The Bank's shares are listed in Bangalore,Chennai, and Mumbai stock exchanges.This bank has more than 745 branches and 10200 employees(September 2012) and the Bank has 606 branches (80%) inKarnataka State .[4] The bank has regional offices in Bengaluru,Mysore, Mangalore, Mandya, Hassan, Shimoga, Davangere,Bellary, Tumkur, Kolar, Chennai, Coimbatore, Hyderabad,Mumbai and New Delhi. The bank's turnover in the year 2008-2009 was around US$10 Billion and Profit about US$65Million.State Bank of Mysore boasts of being the first ever Karnataka-

based Bank to have fully networked branches. The Bank isincluded in Core Banking Solution from 31 December 2005.

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Within one year, the Bank converted all its branches to CoreBanking, in order to make it more convenient for its customers,who can now bank with State Bank of Mysore, anytime,

anywhere in India. The Bank has a record of uninterrupted profits since 1913 andhas declared dividend every year since 1913.

HISTORY

Year - event

1913 - The Bank was established as 'Bank of Mysore Ltd.', on19 May, with an authorised capital of Rs.20.00 lakhs.

Commenced its business on 2 October 1913.

1953 - During the year, the Bank was appointed as an Agentof Reserve Bank of India to conduct Government business &treasury operations.

1959 - With effect from 10 September, the Bank wasconstituted as State Bank of Mysore as a Subsidiary of StateBank of India, under State Bank of India [Subsidiary Bankss]Act, 1959 enacted through an Act of Parliament, [Act No. 38of 1959s].

1959 -The bank has formulated schemes for financing coffee planters/coffee traders against coffee curers certificate,financing coffee traders, coffee exporters & coffee curers whoalso engage in trading.

- The Bank actively participated in all Government sponsoredschemes and contributed its share of financial assistance or the



economically weaker sections through DIR, IRDP, PrimeMinister Rojgar Yojna & SUME schemes.

The Bank has sponsored two Regional Rural Banks, CauveryGrameena Bank & Kalpatharu ameena Bank which weremerged to form Kaveri-Kalpatharu Gramin Brank,headquartered at Mysore with more than 250 branches forgrowth of agriculture & rural industries.

The Bank, as part of State Bank Group has been engaged infinancing agriculture and MSME in 1960 & introduced the

concept of need based rather than security oriented finance &the Entrepreneur scheme under which technically qualified persons were financed the entire requirement up to Rs.2 lacs.

The Bank has 3 specialised SSI branches to assist the SSIunits & proposes to establish 3 more such 551 branchesshortly.

The Bank has correspondent & agency arrangements all overthe world & offers spot services in 18 major approvedcurrencies.

State Bank of Mysore handles a significant part of day-to-day banking business of both the Central & State Governments inthe State of Karnataka & is a Banker to various Public SectorUndertakings in various sectors of Economy.

The Bank has been actively participating in welfare bankingneeds of public through its community services.

The Bank is a member of society for worldwide Inter BankFinancial Telecommunication [SWIFTs] which was



established to offer cost effective & fast transmission offinancial messages globally, 2 branches of Bank are presentlycovered under the scheme and an additional 15 branches are

proposed to be covered under SWIFT shortly. 1992 - The State Government has also taken up vigorously

'ASHRAYA', a new housing scheme for weaker sections &'VISHWA', a new rural & cottage industry scheme. A new

programme called 'AKSHAYA' has also been launched tohelp the children in primary education. The Konkan RailwayProject & the New Mangalore Port Project are also

progressing satisfactorily. 1994 - Several important measures have been introduced in

the busy season credit policy of November 1993 & slackseason credit policy of May 1994, announced by ReserveBank of India.

2000 - Mr. M. Sitarama Murty has been appointed as

Managing Director, of Bank.- Crisil has reaffirmed the A+ & P1+ ratings assigned to the

bond issue & the CD programme of bank.

2001 - State Bank of Mysore has opened a foreign exchangecell at its Hirehally Industrial estate branch in Tumkur districtto enable small-scale industrialists to manage their foreignexchange transactions.

- The Bank has closed its issue of unsecured non-convertibledebentures after raising the target of Rs 60 crore.

2002



-Enters the market with a coupon of 6.4% per annum for itsTier-II capital bonds issue of Rs.60cr on a private placement

basis.

-Slashes interest rate on domestic term deposits & on NREdeposits by 25-50 basis points.

2003-Considers new method of appraisal for lending to theagricultural sector more on the lines of industrial credit given totrade & commerce.

-Declared a dividend of 40% on equity capital for year ended.-Ties up with HMT Ltd & launches SBM-HMT Agri FarmScheme, to promote agricultural mechanisation in south India.-Maruti Udyog forges alliances with SBM to offer car finance.

2004-Mr. Vijayanand assumes charges as Managing Director of bank

from 01/03/2004-State Bank of Mysore has joined the Real Time GrossSettlement Systems [RTGSs] network that facilitates inter-bankfunds settlement on 22 July.

2005 : 100% computerisation and Core Banking Solutions(CBS) introduced.

2005 : SBM unveils new single window system [clarification needed ]

2006 : Mr P.P. Pattanayak has assumed charge as ManagingDirector of State Bank of Mysore. Mr Pattanayak was earlierDeputy Managing Director [DMDs] & Chief Credit Officerof State Bank of India, Mumbai.

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2009 : The Company splits its share with face value fromRs.100/- to Rs.10/-.

2009 - Sri Dilip Mavinkurve takes charge as ManagingDirector of the Bank. He was earlier Chief General Managerof the Bank.

2012- Shri Sharad Sharma takes charge as Managing Directorof the bank.

Products And Services Deposits Personal Banking Schemes C & I Banking Schemes Agri Banking Schemes SME Banking Schemes ATM Services NRI Services Internet Banking Real Time Gross Settlement (RTGS) Transactions National Electronic Fund Transfer (NEFT)

Contact StateBankofMysoreK.G.Road



Bangalore-560009IndiaPhone: 918022353901,22353909,22353473

Fax: 918022283684Website: www.statebankofmysore.co.in

Strengths

-high growth rate-monetary assistance provided-high profitability and revenue

Weaknesses

---competitive market-unknown-tax structure-small business units-investments in research and development

Opportunities

-new markets-global markets-venture capital



-growing demand-growth rates and profitability-income level is at a constant increase

-new acquisitions

Threats

-increase in labor costs-tax changes-financial capacity

-price changes-growing competition and lower profitability-external business risks-government regulations-increasing costs



Banking sector analysis report

The global financial system is still far away from a fullrecovery on account of a slowdown in the US economy, thesoft landing in China and the Euro debt crisis. The Indian

banking sector has been relatively well shielded by the central bank and has managed to sail through most of the crisis. But,

currently in light of slowing domestic GDP growth, persistentinflation, asset quality concerns and elevated interest rates,the investment cycle has been wavering in the country.

The cost of borrowings was higher on account of the variousmonetary tightening measures undertaken by the central bank.People preferred to park their funds in higher yielding fixed

deposits rather than current or savings account(CASA). CASA accretion slowed for most banks which led toa higher cost of funds. The savings bank account rate wasderegulated by the RBI, however most banks continue to holdthe rate at 4%.

Apart from streamlining their processes through technology

initiatives such as ATMs, telephone banking, online bankingand web based products, banks also resorted to cross sellingof financial products such as credit cards, mutual funds andinsurance policies to augment their fee based income. Theyare also looking at various financial inclusion initiatives in

http://www.equitymaster.com/detail.asp?date=01/08/2010&story=2&title=Key-banking-ratios-PSUs-versus-private





order to spread the use of financial services among India’slarge unbanked population.

Key PointsSupply Liquidity is controlled by the Reserve Bank of

India (RBI).

Demand India is a growing economy and demand forcredit is high though it could be cyclical.

Barriers toentry

Licensing requirement, investment intechnology and branch network, capital andregulatory requirements.

Bargainingpower ofsuppliers

High during periods of tight liquidity. Tradeunions in public sector banks can be antireforms and orchestrate strikes. Depositorsmay invest elsewhere if interest rates fall.

Bargainingpower ofcustomers

For good creditworthy borrowers bargaining power is high due to the availability of largenumber of banks.

Competition High- There are public sector banks, privatesector and foreign banks along with non

banking finance companies competing insimilar business segments. Plus the RBI is

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planning to issue new banking licenses.

TOP

FinancialYear '12

The RBI had to revise its target for credit growth in FY12 anumber of times given the external environment. Fromstarting off with a prediction of 19% credit growth in May2011, the central bank brought this estimate down to 16% in

January 2012. Finally non-food credit growth came in ataround 17% in FY12 compared to 21.5% in FY11. Against a

backdrop of GDP growth deceleration, weak IIP data and persistent inflation banks became more risk averse to lendingcredit. This deceleration also reflects banks’ risk aversion inface of rising NPAs and increased leverage of corporate

balance sheets.

Credit growth decelerated across all bank groups during2011-12 ranging between 16.3% in the case of public sector

banks and 19.7% for private sector banks. The comparablefigures for the previous year were 21% and 24.7%respectively.

The RBI’s has not yet rolled b ack its aggressive interest rate policy and rates continue to be elevated. The repo ratecurrently stands at 8%, with the reverse repo rate at 7%.While inflation continues to remain high the RBI has

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refrained from any further hikes in order to address theslowdown in growth. It may ease rates once inflation comesunder control.

Growth on the deposit front however remained relatively lowcoming in at around 13% YoY in FY12; this was as againstan RBI target of 17%. Fixed deposits saw good growth, whiledemand deposits saw a deceleration on lower yields. Theoutstanding credit-deposit ratio rose from 74.5% FY11 to76.7% in FY12.

Data source: RBI

In the retail portfolio, while home loans grew by 12% YoY,while vehicle loans grew by 20%. Overall Other personal

loans enjoyed a much smaller growth of 8% YoY due to bank’s reluctance towards uncollateralized credit. Credit cardoutstanding grew by 13% YoY.

Indian banks, however, saw lower levels of money supply,

http://www.equitymaster.com/5minWrapUp/charts/index.asp?date=11/05/2012&story=1&title=Housing-loans-find-no-takers






and deposits as a percentage of GDP in FY12 as compared tothat in FY11 on account of the uncertain economicenvironment. However credit as a % of GDP was higher as

GDP growth slowed.

Data source: RBI

Most private sector banks had a relatively better outing in

FY12. Increased pricing power helped some of these bankssustain their net interest margins. Plus they were also able tosustain their asset quality.

Net non performing assets (NPAs) in the system increasedfrom 0.9% in FY11 to 1.2% in FY12. However for PSU

banks this ratio increased from 1% in FY11 to 1.5% in FY12.

Increased provisioning affected the profitability of the banksin question.

TOP





ProspectsBasel III is a new challenge that banks in India and overseaswill have to surmount. It will be a challenge to deploy the

same safely and profitably in the event of persistence ofeconomic slowdown. The government was able to re-capitalize a few PSU banks in FY12, including the muchneeded infusion for State Bank of India. According to RBIestimates, Indian banks would require additional capital of Rs5 trillion to meet Basel-III norms by March 31, 2018.

In 2011-12, agriculture loan target was Rs 4.5 trillion, and Rs4.8 trillion was disbursed. For 2012-13, the target has beenset at Rs 5.8 trillion. Financial inclusion initiatives also needto be taken care of as India fares very poorly on this regard ashalf the population does not have access to banking services.

New banking licenses are expected to be issued by the RBI to private sector players. However, these licenses will only beawarded to certain players meeting strict requirements on thecapital, exposures, and corporate governance front. Lots of

players including NBFCs, industrial houses, microfinancecompanies etc are all vying for this coveted license. Therehas so far been no progress on this issue since the RBI issued

draft guidelines in August 2011.

However, growth is still a concern for the banking sector inFY12 on account of a sustained slowdown in the economy aswell as reduced demand for credit on account of the current

http://www.equitymaster.com/detail.asp?date=09/13/2012&story=2&title=Are-Indian-banks-up-to-these-challenges





high interest rate environment. The central bank expectscredit growth to come in at 17%, with deposit growth at 16%for FY13. Asset quality concerns are also an issue especiallyin the power, textile, and mining space.

In the year 2012-13 so far, there has been a easing of liquidityand monetary conditions. The policy rate was cut by 0.5% inApril. In addition there has been liquidity infusions throughopen market operations export credit refinance. The 1%Statutory Liquidity Ratio (SLR) reduction in August andthe further 25 bps cut in the CRR is expected to further easeliquidity and encourage banks to increase loans and advances.The SLR and CRR stand at 23% and 4.25% respectivelycurrently.

Our Mission

A premier commercial Bank in Karnataka, with allIndia presence, committed to provide consistentlysuperior and personalised customer service backed

by employee pride and will to excel, earn progressively high returns for its shareholders and be a responsible corporate citizen contributing to thewell being of the society.

http://www.equitymaster.com/detail.asp?date=10/30/2012&story=7&title=Monetary-policy-Liquidity-without-rate-cut






The norms set by

the Bank for the

discharge of its

functions.

The Bank functions with the following core values / norms

· Excellence in customer service

· Profit orientation

· Fairness in all dealing and relations

· Risk taking and innovation· Integrity

· Transparency and discipline in policies and systems

regarding the core functions of the Bank i.e. accepting deposits and sanction of loans,

the interest rates for deposits / advances and different deposit as well as loan

products are displayed in the Bank’s website and also made available at all the

Branches. Regarding sanction of loans, each officer of the Bank will consider loan

proposals and take a decision in terms of the scheme of delegation of powers on the

merits of the proposals. All the officers of the Bank are expected to discharge their

duties and responsibilities with integrity and due diligence. Public can also refer to the

captions “Interest rates ”, “Fair practice code ” and “citizens charter ” of the Bank’s

website for further information.

Regarding norms for deposits and advances schemes of the Bank, public can refer to

the following captions.

1. Personal Banking Schemes

2. Commercial & Institutional Banking Schemes

3. Agricultural Banking Schemes

4. Small Industries & Business

5. NRI Services

Financial Profile

The paid up capital of the Bank is Rs. 468 Millions as on31.03.2012 out of which State Bank of Indiaholds 92.33%.The networthof the Bank as on 31.03.2012 is Rs.3412.72Crores and the Bank has achieved a capital adequacy

ratio of 12.55% as at the end of 31.03.2012. The Bank has anenviable track record of earning profits continuously anduninterrupted payment of dividend since its inception in 1913.The Bank earned a net profit of Rs.369.15 Crores for the yearended March 2012 and earning per share is at Rs.78.88

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Business Profile

Total deposits of the Bank as at the end of March 2012is Rs.50186 Crores and the total advances stood at Rs. 40653

Crores which include export credit of Rs. 1325 Crores.The Bankis a major player in foreign exchange dealings also and hasachieved a merchant turnover of over Rs 31583 Crores and atrading turnover of over Rs 146405 Crores for the year endedMarch 2012.

Management Committee of the Bank <<< click to see photos

Managing Director Mr Sharad Sharma+91 80 22251855+91 80 22353480Fax 080 22254753

Chief General Manager (Retail Banking) Mr Kalyan Mukherjee+91 80 22251570Fax 080 22350563

Chief General Manager(Commercial Banking) Mr Saswata Chaudhuri

General Manager (Human Resource & General Administration)

Mr Bibhupada Nanda

+91 80 22353487Fax 080 22353478

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General Manager (SAMG) Mr J Ramakrishnan

General Manager (Priority Sector, Rural Banking & Financial Inclusion) Mr K Lakshmisha+91 80 22257149Fax 080 22353494

General Manager (Corporate Banking - Head Office) Mr V Pattabhiraman+91 80 22352591Fax 080 22356472

General Manager (Risk Management and Credit Policy and Procedures) Mr Parthasarathy N

General Manager (Treasury and Finance & Accounts) Sri Viswanathan V+91 80 22257149

Fax 080 22353494

General Manager (Retail NW Bangalore) Mr A Karunanithi+91 80 22350101

Fax 080 22375304

General Manager(Vigilance) Mr Vijay Dube+91 80 22255617

Fax 080 22350562

General Manager(IT and New Business) Mr Rajiv Mathur

General Manager (NW - Mumbai) Mr Ravinder Kumar Madaan

General Manager (Retail Network Mysore) Mr S Bangara Raju

General Manager (nspection & Audit) Mr Subhabrata Ray



Technology Initiatives

The Bank made significant investment in order to upgrade technology and the majordevelopments are as under:

Click on the following links for more details Core Banking Solution (CBS) Internet Banking (INB) Real Time Gross Settlement (RTGS)

List of RTGS enabled Banks and Branches (with their IFSC codes) List of RTGS enabled Branches of SBM (with their IFSC codes)

National Electronic Fund Transfer (NEFT) ATMs

Mobile Banking

Core Banking Solution

State Bank of Mysore is the first karnataka-based Bank with fully networked branches. The Bank isfully on"CORE BANKING SOLUTION" From 31.12.2005. In record time of one calendar year, the Bankcompleted the exercise of converting all the branches to Core Banking to provide the convenienceof anytime, anywhere banking to all our valued customers.

State Bank of Mysore embarked upon the latest Banking Technology platform by implementing theCore Banking Solutions (CBS) across all its branches, with an objective of providing bankingconvenience to the customers. Follwing are some of the features of CBS.

> Facilitates 24 X 7 Banking

As a result of implementing Core Banking, most of the facilities being offered by the Bank areavailable to customers 24 hours a day, 7 days a week. The transactions are performed usingmultiple channels such as ATMs and Internet Banking. Further, the trasactions using these deliverychannels are updated in the Central database in real time. Facilities like Phone Banking and Mobilebanking would also be interfaced in CBS in due course.

> Anywhere Banking

Customers can avail of banking services across all branches and channel network irrespective oflocation where their accounts are maintained. Products like CORE POWER and MULTICITY CHEQUEhave been introduced in this direction. Besides, CBS facilitates swifter remittance of funds acrossBanks through its in-built RTGS & NEFT functionalities. All branches of the Bank are RTGS enabled.

> Integration with strategic sectors

Core Banking integrates all strategic sectors of banking such as domestic banking and trade financeincluding forex. As a result, the information related to these areas is centrally avilable for use orreference. Treasury and Asset Liability Management functions will also be integrated to CBS in duecourse.

> Business Process Re-engineering (BPR) enabler

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Core Banking enables implementation of BPR initiatives of the Bank and facilitates centralisedhandling of various process - for both Assets as well as Liabilities. This has helped our branches inreaching out to customers as they can now do less and less of back office work.

Internet Banking- Transaction based Internet Banking facility that enables customers to view and operate theiraccounts through the internet, 24x7 hrs and 365 days, is now availabe to both retail and corporatecustomers

Application Form <<<<< Individual customers click to download application forms. Corporatecustomers may contact the nearest branch>> Transaction based Internet Banking in SBM has been in operation since JULY 2005

>> Customers of any branch of State Bank of Mysore can avail this facility

>> It is a 24 X 7, 365 days service channel for use anywhere,anytime

>> The Channel has real time transaction processing capability and is supporting various businessinitiatives suitable to all segments of customers

>> Provides for select banking operations through the Internet and enables customers to obtaininformationRetail Customers

Retail customers can use Internet banking to:

>> Transfer funds between customers different accounts with the branch

>> Transfer funds to third parties within or other branches of the Bank

>> View/print statement of accounts

>> Set up standing instructions

>> Online request for issue of Demand Drafts and Cheque Books

>> Bill payment facility

The following bills can be paid through the internet.

1. ALL CUSTOMERS OF THE BANK:

a. SBI Card Payments. (Pay bill)b. SBI Life Insurance (View & Pay)c. ICICI Prudential Life Insurance (View & Pay)

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d. Birla Sun Life Insurance (View & Pay)e. Om Kotak Mahindra. (View & Pay)

2. CUSTOMERS IN DELHI.

a. Bharathi Infotel ( Touchtel) (View & Pay)b. MTNL (View & Pay)c. BSES, Yamuna (View & Pay)d. Idea Cellular Ltd. (View & Pay)e. Sterling cellular Ltd.(Hutch) (pay bill)f. Bharathi Cellular ( Airtel) (View & Pay)g. North Delhi Power Limited (View & Pay)h. BSES, Rajadhani (View & Pay)

3. CUSTOMERS IN MUMBAI.

a. BEST. (View & Pay)b. Tata Power (View & Pay)c. MSEB (View & Pay)d. BSNL, Kalyan (View & Pay)e. Dolphin (MTNL) (View & Pay)f. BPL Mobile (View & Pay)g. Bharathi Cellular (View & Pay)h. Mahanagar gas (View & Pay)i. Municipal Corporation of greater Mumbai (View & Pay)j. Thane Municipal Corporatrion (View & Pay)

4. CUSTOMERS IN BANGALORE.

a. BESCOM (View & Pay)b. Airtel. (View & Pay)c. Bharathi Infotel (View & Pay)d. Tata Teleservices Ltd (View & Pay)e. Spice Communications (View & Pay)f. Hutch. (View & Pay)

Corporate Customers

STATE BANK OF MYSORE’s "Corporate Internet Banking" enables its Corporate customers to carryout their banking activities from their desktop, aided with the power and convenience of theInternet. The service helps to remove the restrictions imposed by geography and time on theordering of transactions, while granting full flexibility to the Corporate to manage its transactionalbanking, with least intervention and input from the Branch. To transact over the Internet, theCorporate should be in complete control of administration of the back-end process i.e. dynamicallychanging limits on banking transactions which can be carried out by executives, monitortransactions and have flexibility for granting discretionary access on banking accounts to internalusers. Internet Banking Service will give the Corporate the freedom and ability to carryout all thiswithout dependency on the Bank.



Benefits of Corporate Internet Banking :

>> Transfer funds between corporate’s different accounts within the Bank

>> Make payments to vendors and third parties

>> Schedule the transactions

>> Bulk uploading of transactions

>> Salary credits to corporate employees

>> Permit executives to operate/monitor accounts remotely and even participate in jointauthorisation remotely

>> E-payment of taxes (Service tax and Excise Duty)

REAL TIME GROSS SETTLEMENT (RTGS).

Consequent to introduction of Core Banking Solution all our branches have been enabled to effectRTGS transactions. This facility enables seamless transfer of funds between accounts of customersof different banks / branches that have been RTGS enabled. Transfer of funds between banks isalso to be done through RTGS.

There are two types of transaction in RTGS i.e.R41- Customer Transactions.

R42- Inter Bank Transactions.

Operating session timings

Days Customer Transactions Interbank Transactions

Monday - Friday 9.00 hrs to 16.30 hrs 9.00 hrs to 18.00 hrs

Saturday 9.00 hrs to 13.30 hrs 9.00 hrs to 15.00 hrs

Inter Bank Transactions: 9.30Hrs to 18.00Hrs 9.30Hrs to 14.00Hrs

Salient features of the scheme:

RTGS is managed by RBI, enabling member banks to receive and send payment across bank/

branches.

The payments/ receipts are effected normally on real time basis.

Branches need to be RTGS enabled to undertake these transactions.



Currently the facility is not available on Sundays.List of RTGS enabled Banks and Branches (with their IFSC codes)

List of RTGS enabled Branches of SBM(with their IFSC codes) Charges for RTGS transactions are:

Facility Charge

For Customer to Customer(w.e.f 15-11-2010)

1. For outwardFor Rs 2 Lac to Rs.5 lacs Rs 25/- pertransaction + Cash handling charges +Service taxes as applicable.

Above Rs 5 lacs Rs 50 per transacction+ Cash handling charges + Service taxesas applicable.

2. For inward No Charges

NATIONAL ELECTRONIC FUNDS TRANSFER (NEFT) SYSTEM

Reserve Bank of India has introduced a new payment product called ‘NEFT’ System. This paymentsystem is available for all the branches of our Bank for transfer of funds to the customers of otherBank branches. In other words, the system facilitates Inter Bank transfer of funds.Method for putting through the transactions.

NEFT system is applicable for transfer of funds between Banks approved by RBI. Only authorizedbranches of participating Bank can receive and send messages.

A bank customer (i.e. sender or originator) willing to avail of the remittance facilitiesoffered by a sending bank shall submit an "NEFT Application Form" authorizing the bank to debitthe sender's account and transfer funds to the beneficiary specified in the NEFT ApplicationForm.

A transaction within the NEFT system will be initiated when the sending bank accepts applicationform indicating the date of transfer of funds.

Currently , the clearing settlement for NEFT takes place at RBI in eleven batches between Mondaysto Fridays from 9.00 AM to7.00 PM On Saturdays there will be five hourly settlements from 9.00 AM to 1.00 PM.

CHARGES for NEFT transactions are as listed in the following table:

Facility Charge

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Outward Remittances(w.e.f 15-11-2010)

1. For outwardUpto Rs 1.00 lac Rs 5/- per transaction +Cash Handling charges + Service taxesas applicable

Above Rs 1.00 lac to Rs 2.00 lacs Rs15/- per transaction + Cash Handlingcharges + Service taxes as applicable

Above Rs 2.00 lac Rs 25/- pertransaction + Cash Handling charges +Service taxes as applicable

2) Inward -Nil-

You may contact our Customer Facilitation Center for promt resolution of your complaints.

Mobile Banking-

Our Bank has rolled out Mobile Banking Service (SBI freedom) on 31.08.2009.

SBI FreedoM – Your Mobile Your Bank

Away from home, bills can be paid or money sent to the loved ones or balance enquiries doneanytime 24x7!!! That is what SBI FreedoM offers -convenience, simple, secure, anytime andanywhere banking.

The service is presently available on java enabled mobile phones over SMS/ GPRS/ WAP as also nonjava phones with GPRS connection. The service can be availed over the free GPRS facilities offeredby various mobile service providers. The services for other non-Java mobile phones are underdevelopment and will be offered using Unstructured Supplementary Services Data (USSD).

The following functionalities will be provided in the Phase I:

· Funds transfer (within and outside the bank –using NEFT)

· Enquiry services (Balance enquiry/ Mini statement)

· Request services (cheque book request)

· Bill Payment (Utility bills, credit cards)

· M Commerce (Mobile Top Up, Merchant payment, SBI life insurance premium)

What's New

Reverse Mortgage Scheme - New Personal Segment scheme to provide a source of additional

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income for senior citizens whoown self acquired House property in India

The procedure followed in

the decision making process,

including channels of

supervision and

accountability.

There is a well-defined system in the Bank regarding the decision making

process. Financial decisions are taken at various levels by different

officials depending upon their positions and also through committee

approach. Centralised credit processing cells are being formed at certain

centers for sanction of personal segment loans and loans under SME

segment. Branches will source the applications and forward them to the

respective credit processing cells, for their consideration. Further, there is

a well defined organizational structure and a clear system of accountability

and control system, which also take into account the RBI / CVC guidelines.

Financials Total Income - Rs. 65610.7 Million ( year ending Mar 2013)Net Profit - Rs. 4161 Million ( year ending Mar 2013)

Company Secretary Bankers Auditors HS Ahuja & Co, Dhawan & Co, LK Kejrswal & Co, SK Basu & Co, PKKG

Balasubramaniam & Associates, Bhasin Raghavan & Co, BL Ajmera &Co, MKPS & Associates, Maharaj N R Suresh & Co, Bubber Jindal & Co,Bhasin Raghavan & Co, KP Rao & Co, BL Ajmera & Co, MKPS &

Associates, SK Basu & Co, Maharaj N R Suresh & Co, Bhasin Raghavan& Co, Grover, Lalla & Mehta, Gopalaiyer & Subramanian, Ram Raj & Co,KP Rao & Co, Grover, Lalla & Mehta, PKKG Balasubramaniam &

Associates, Dhawan & Co, Gopalaiyer & Subramanian, Ram Raj & Co,Grover, Lalla & Mehta, PKKG Balasubramaniam & Associates, Dhawan &Co, Gopalaiyer & Subramanian, Ram Raj & Co






Company Sales(Rs.Million)

CurrentPrice Change (%) P/E Ratio Market

Cap.(Rs.Million) 52-Week

High/Low

SBI 1196570.99 1503.10 1.46 10.06 1122174.01 2469/1453

Bank Of Baroda 351966.54 518.30 0.95 5.04 222565.84 760/429

PNB 418933.29 534.45 0.61 5.28 193508.27 863/402

Bank Of India 319089.29 167.55 0.57 3.67 107611.17 350/127

Canara Bank 340779.35 214.35 1.06 3.87 98870.83 457/190

IDBI 250643.00 56.15 0.36 7.78 90061.19 98/52

Union Bank Of India 251247.01 103.15 0.34 3.41 65016.09 255/97

CentralBank of India 218606.51 44.40 0.00 0.00 59959.51 76/44

Indian Overseas Bank 206767.26 45.75 1.44 13.46 52788.56 76/37

Syndicate Bank 171206.88 80.05 0.82 2.64 49998.00 138/61

Oriental Bank177047.76 163.15 0.46 4.30 48920.32 298/121

UCO Bank 167517.12 64.05 0.47 3.78 48205.86 84/46

Indian Bank 138926.44 89.35 2.64 3.52 41534.21 187/61

Allahabad Bank 174356.92 73.85 0.75 3.53 40219.40 149/65

Corporation Bank 153340.83 223.50 -1.97 4.28 37445.61 485/222

Andhra Bank 129096.92 55.05 1.19 4.69 32458.30 103/47

Bank of Maharashtra 96134.32 29.90 0.00 4.27 25088.97 63/29

Dena Bank 88993.89 51.70 -0.39 4.94 24228.81 101/42

StateBank Bikane&Jai74981.86 291.40 0.36 3.03 20398.00 458/289

Vijaya Bank 90518.85 34.90 -0.43 3.84 19351.12 56/33

St.Bk of Travancore 86348.40 372.40 -0.64 4.42 18620.00 630/369

State Bank Of Mysore 59654.80 385.20 1.16 7.59 18494.77 635/380

United Bank 92514.92 24.35 0.41 0.00 13508.12 68/23

Punjab & Sind Bank 73401.24 42.20 0.60 2.98 11616.99 68/37

Bank of Punjab 3285.97 44.05 0.00 0.00 4625.25 0/0



Product Name Year Month SalesQuantity

SalesValue(Rs.Million) % of STO

Interest/Discount on

advances/ Bills

2013 03 0.00 47877.66 80.26

Income on Investments 2013 03 0.00 11575.71 19.40

Interest on balances with

Reserve Bank of India and

other inter-bank funds

2013 03 0.00 175.18 0.29

Others 2013 03 0.00 26.29 0.04

S.No Name Designation

1 Arundhati Bhattacharya Chairman

2 Sharad Sharma Managing Director

3 Purna Chandra Jena Director

4 S Vishvanathan Director

5 A Prabhakara Director

6 Murli Radhakrishnan Nominee Director - RBI

7 S Ramasubramanian Shareholders Director

8 Milind S Katti Workmen Director

9 Raghavendra R Workmen Director

10 M Mahmood Dawla Government Nominee Director

11 George Thomas Compliance Officer

13 Rajeev N Mehra Nominee Director - SBI

12 K Gururaj Acharya Nominee Director - SBI

14 K Guruswamy Officer Employee Director



State Bank of Mysore was established in 1913 as Bank of Mysore under the patronage of the erstwhile government ofMysore, at the instance of the banking committee headed by the great Engineer-Statesman, Late Dr Sir MVisvesvaraya. Subsequently, in March 1960, the bank became an Associate of State Bank of India. State Bank ofIndia holds 92.33% of shares. The bank's shares are listed in Bangalore, Chennai, and Mumbai stock exchanges.

SBM has a widespread network of 671 branches(as on 31.01.2009) and 20 extension counters spread all over Indiawhich includes 6 specialised SSI branches, 4 Industrial Finance branches, 3 Corporate Accounts Branches, 4

specialised Personal Banking Branches, 10 Agricultural Development Branches, 3 Treasury branches, 1 AssetRecovery Branch and 7 Service Branches, offering wide range of services to the customers.

The bank has a dedicated workforce of 9720 employees consisting of 3169 supervisory staff, 6551 non-supervisorystaff (as on 31.03.2008). The skill and competence of the employees have been kept updated to meet therequirement of our customers keeping in view the changes in the environment. The paid up capital of the Bank isRs.360 Millions as on 31.03.2008 out of which State Bank of India holds 92.33%.The Bank has achieved a capitaladequacy ratio of 11.73% as at the end of March 2008. The bank has an enviable track record of earning profitscontinuously and uninterrupted payment of dividend since its inception in 1913.

Total deposits of the bank as at the end of january 2009 is Rs 31817 crores and the total advances stood at Rs.24713 crores which include export credit of Rs. 10159.50 million. The forex turnover of the bank crossed Rs336963.50 million during the year March 2007 to March 2008 which is 44.66% higher.

State Bank of Mysore is the first Karnataka-based Bank with fully networked branches. The bank is fully on 'COREBANKING SOLUTION' from 31.12.2005. In record time of one calendar year, the bank completed the exercise ofconverting all the branches to Core Banking to provide the convenience of anytime, anywhere banking to all ourvalued customers.

State Bank of Mysore embarked upon the latest Banking Technology platform by implementing the Core BankingSolutions (CBS) across all its branches, with an objective of providing banking convenience to the customers.

Services offered by the company:

Deposits

My bank Surakhshna- A unique deposit scheme linked with insurance cover has been introduced. Insurancecover to a maximum of Rs. 5 lakh on deposits held for 5 years and more.

Saving Plus- In order to provide value added services to our Personal Segment customers, a newspecialized auto sweep product for Personal Segment savings bank customers has been introduced.

Saral Savings Bank account (No Frills account)- This account comes with very low minimum balances aswell as low / nil charges, to cater to the needs of individual from the vast sections of population who are,otherwise, not fulfilling certain conditions of our existing Savings Bank requirements.

SBM Tax Saver Scheme (Tax saving scheme under Sec 80c of the IT act)A Bank Term Deposit Scheme2006 has been introduced by the Central Government commencing from the financial year 2006-07 whereintime deposits made upto Rs.1.00 lakh for a period of 5 years are exempted from payment of Income taxunder Sec 80C

Advances

Personal Banking schemes Commercial & Institutional Banking schemes

Agricultural Banking schemes Micro and Small Enterprises schemes (MSE)

NRI Services

NRI Deposits International Banking - Forex services Proforma for foreign currency remittances Account opening form for non-resident Indians



Interest rates on NRE Deposits and schemes Details of its correspondent Banks -Exchange companies with Draft drawing arrangement with the Bank -

Money Transfer to India Through Western Union -Remittance facility through State Bank of India, New YorkBranch

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