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State Bank of Mysore

State Bank of Mysore is a subsidiary of State Bank of India. The bank is headquartered in Bangalore, India. The bank is mostly known for its loans, savings and credit card businesses.

About State Bank of Mysore

State Bank of Mysore was founded in 1913. At the time of its inception, the name of the bank was Bank of Mysore Ltd. State Bank of Mysore became a part of State Bank of India in 1960. The bank is listed on Mumbai, Chennai and Bangalore Stock Exchanges.

Currently, Mr. Dilip Mavinkurve is the Managing Director of State Bank of Mysore. SBM provides a wide variety of services to customers from different tiers of the society.

State Bank of Mysore has an extensive network of 682 branches and 20 extension counters. These branches include:

  1. 4 Industrial Finance Branches
  2. 5 Specialised SSI Branches
  3. 4 Specialised Personal Banking Branches
  4. 3 Corporate Accounts Branches
  5. 3 Treasury Branches
  6. 10 Agricultural Development Branches
  7. 8 Service Branches
  8. 1 Asset Recovery Branch

State Bank of Mysore now has a committed manpower of 9,720 employees.

Products and services offered by State Bank of Mysore

State Bank of Mysore offers a host of tailored products and solutions to its customers which includes the following:

Personal banking

  1. Mortgage Loan
  2. Personal Loan
  3. Gnanamitra Education Loan
  4. Housing Loans
  5. Loan for site/plot
  6. Happy Home
  7. Mybank Arakshak
  8. Mybank Adhyapak
  9. SBM Car Loan Scheme
  10. Mybank Utsav
  11. Mybank Samachar
  12. Sanjeevini
  13. SBM Gagan Mitra

C & I Banking Schemes

  1. SBM Paryatan Plus
  2. Current Account Plus
  3. T&C letter for industrial advances
  4. SBM School Plus
  5. Handy Loans Scheme
  6. Scheme for Traders
  7. Rent Plus
  8. Corporate Loan


  1. Multi Option Deposit Scheme
  2. Saral Savings Bank account
  3. Dhanavarsha
  4. Savings Bank Account
  5. Reinvestment Deposits
  6. Term Deposits
  7. Recurring Deposits
  8. Power Money
  9. SBM Tax saver Scheme
  10. Harsha Deposit

Advances (SME Bkg)

SME Schemes

  1. Retail Trade - Advances to Retail Traders
  2. Loans to Small Scale Industries
  3. Stree Shakthi package for Women Entrepreneurs
  4. Small Business Enterprises
  5. Transport Operators
  6. Professionals & Self-Employed persons
  7. MyBank Sanchari Suvidha
  8. Laghu Udyami Credit Card Scheme
  9. Rural Employment Generation Programme
  10. Annapurna
  11. Flexi (SSI) Term Loan
  1. Mybank Doctor
  2. Green Auto
  3. SME Credit Plus
  4. Mybank Professional Plus
  5. Swarojgar Credit Card scheme
  6. Stand-by-line of Credit
  7. Artisans Credit card (ACC)
  8. "Sooryadeepa" Scheme for Financing Solar Home
  9. Reimbursement Facility under Term Loans
  10. Channel financing to ACC Cement Dealers
  11. Agencies involved in extending assistance

NRI Services

  1. Proforma for foreign currency remittances
  2. International Banking - Forex services
  3. Correspondent Banks
  4. Account opening form for non-resident Indians
  5. Money Transfer to India Through Western Union
  6. Exchange companies with Draft drawing arrangement
  7. Remittance facility through SBI, NY

Advances (Agri Bkg)

Agri. Bkg schemes

  1. Kisan Gold Card Scheme
  2. Kisan Credit Card Scheme
  3. Scheme for Combined Harvesters
  4. Gramin Bhandaran Yojana (GBY)
  5. Agriclinics and Agri business centers
  6. Kisan Chakra Scheme
  7. Scheme for purchase of land for agri. purposes
  8. Solar Photo Voltaic Pumpsets (SPV)
  9. Establishment of Bio-Fertiliser Units
  1. Scheme for development of Vanilla
  2. Drip Irrigation
  3. Produce Marketing Loan (PML)
  4. Sprinkler Irrigation
  5. Scheme for financing to tenant farmers
  6. Scheme for financing LPG Connections
  7. Rainwater harvesting for SC/ST farmers
  8. Scheme for financing Jatropha plantation
  9. Scheme for financing to cultivation of patchouli

State Bank of Mysore Contact Details

State Bank of Mysore,
Head Office
K.G. Road, Bangalore - 560009, India.
Phone: 91 80 22353901 to 22353909; 22353473
Fax: 91 80 22283684


State Bank of Mysore


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