Shares of associate banks of State Bank of India (SBI) such as State Bank of Bikaner and Jaipur, State Bank of Travancore and State Bank of Mysore have rallied up to 5% on hopes of merger with SBI.
State Bank of Mysore has cut the Base Rate by 10 basis points and the Benchmark Prime Lending Rate by 25 bps with immediate effect, the bank said in a press release on the Bombay Stock Exchange.
Bangalore-based public sector lender State Bank of Mysore (SBM) has reported a close to 40 per cent rise in net profit at Rs 155 crore for the third quarter ended December 31, 2012 compared to Rs 111 crore in the same period last year.
Bangalore-based public sector lender State Bank of Mysore (SBM) has reported a close to 40 per cent rise in net profit at Rs 155 crore for the third quarter ended December 31, 2012 compared to Rs 111 crore in the same period last year.
Shares of all three listed – State Bank of Mysore, State Bank of Bikaner and Jaipur and State Bank of Travancore- associate banks of State Bank of India (SBI) have rallied up to 20% on back of huge volumes on the BSE.
Bangalore-based public sector lender State Bank of Mysore (SBM) on Wednesday reported a robust 87% rise in net profit at Rs 145.35 crore for the second quarter ended September 30, 2012 compared to the corresponding quarter last year.
Bangalore-headquartered public sector lender State Bank of Mysore (SBM) may downsize its fund raising plan through bonds this fiscal due to slow growth in advances.
Public sector lender State Bank of Mysore today hiked lending rates by 50 basis points (bps) with effect from tomorrow, following the hike in policy rates by the Reserve Bank of India (RBI) last month.
The State Bank of Mysore (SBM), an associate of the State Bank of India, is planning to raise around Rs 500 crore in the present financial year through the issuance of Tier-II bonds to support its future business growth.
Bangalore-headquartered public sector lender State Bank of Mysore (SBM) is planning to raise funds from the market through issuance of Tier-I and Tier-II bonds in the present financial year.
State Bank of Mysore said on Wednesday it has raised its base rate and benchmark prime lending rate by 25 basis points each to 9% and 13.75% respectively, its third rate hike this year.
Bangalore based public sector lender, State Bank of Mysore (SBM) is hopeful of achieving 20 per cent credit growth by the end of this financial year on the back of higher credit off take in the last quarter.
State Bank of Mysore, a subsidiary of the country's largest lender SBI, today announced that it will hike its benchmark prime lending rate by 25 basis points to 13.50 per cent with effect from tomorrow.
Bangalore-based State Bank of Mysore (SBM), an associate bank of the SBI Group, reported a net profit of Rs 93.36 crore for the quarter ended September, a 5.3 per cent drop compared to the corresponding quarter last year.
The bank had posted a net profit of Rs 98.6 crore in the July-Septmeber quarter of FY10, State Bank of Mysore said in a filing to the Bombay Stock Exchange.
The State Bank of Mysore (SBM) hopes to use its position as the registrar for Unique Identification Authority of India (UIDAI) or Aadhaar as a way to increase its business.
