CSR Activity update by State Bank of Mysore (SBM)

State Bank of Mysore  has carried out the following  CSR Activities today.

• Handing over of Real Time PCR Machine (Rs.16 lacs) for Research and Diagnostic purpose to Sri Rangadorai Memorial Hospital, Bangalore;
• Handing over of sanction letter to Sri Shankara Cancer Hospital & Research Centre, Bangalore for construction of two general wards (Rs.22 lacs).
• Handing over of keys of 2 transport vehicles (Rs.7.50 lacs) to Sri Jayadeva Institute of Cardiovascular Sciences and Research, Bangalore for catering to transportation needs of economically weak patients.

State Bank of Mysore announced its financial results for the H1FY14

•    The Net Interest Income of the Bank increased during HY and stood at Rs.947 crores (LY-Rs.911 crores). The Other Income increased to reach a level of Rs.266 crores (LY-Rs.252 crores).
•    The Net Interest Margin continues to be healthy at 3.05%.
•    Capital to Risk-adjusted Ratio (CRAR) of the Bank stood at 10.96% (under Basel III), as against a minimum of 9% stipulated by RBI.
•    The Aggregate Deposits of the Bank at Rs.57,392 crores showed an increase of over Rs.7,000 crores over Sep’12 (13%).

  

(y-o-y) incr.	Rs. in crs.	%Incr.	No. of A/cs	%Incr.
Share of SB A/c	1,732	12%	11.14 lacs	22%
Share of Current A/c	432	19%	0.22 lacs	18%

•    Bank has shed its bulk deposit during the half year, reducing it from 26% to 20%.
•    CASA deposits have grown from 32.4% to 33.6%.
•    Total Advances rose by Rs.5,038 crores (12%) over Sep’12 to reach  Rs.46,200 crores.
•    Strong Retail focus (y-o-y growth) - Home Loan -17%, Auto 27% and Agri 16%.
•    Gross Non-Performing assets rose to Rs 2,753 crores (LY Rs. 1,780 crores), due to fresh slippages mainly in the Corporate segment. Gross NPA Ratio 5.96% and Net NPA Ratio at 3.69% PCR currently stands at 57%.

There was a y-o-y reduction in Net Profit by 56% (Rs. 82 crores) consequent to muted growth in interest income due to higher provisioning on account of NPAs and Re-structured assets and decline in Treasury income. However, the growth in NPA levels in Q2FY14 (Rs. 270 crores) has decelerated and is below the growth in NPA levels in Q1FY14 growth (Rs. 392 crores).                      

The Bank has set up over 1,000 POS Machines, Cash Dispensing Machines besides, Multi Functional Kiosks, SSKs, Green Channel Counters, ATMs in Large numbers and has been successful in migrating 32% of transactions through Alternate Delivery Channels.

During the HY the Bank has opened 122 branches, which included its 800th and 900th Branches, NRI Branches at Bangalore and Mangalore and an all Women’ Branch at Bangalore. The Bank has recently celebrated commemoration of Centenary Year by dedicating 101 branches at the hand of the Union Finance Minister.

State Bank of Mysore M G Road Branch is shifted to a new location

State Bank of Mysore M G Road Branch which started its operations on 19.07.1940, was to-day shifted to a new and specious premises at Almas Centre, M G Road, Bangalore - 560001 and the new premises of the Branch was inaugurated by Dr. ANIL KUMBLE, Hon'ble President, Karnataka State Cricket Association, Bangalore in the presence of valued customers, staff members and other well-wishers of the Branch. The function was presided over by Shri SHARAD SHARMA, Managing Director, State Bank of Mysore.

National level seminar in Hindi on "Managing Asset Quality – Traditional & Innovative Techniques" by State Bank of Mysore

A National level seminar on "Managing Asset Quality – Traditional & Innovative Techniques" subject was organised at State Bank of Mysore, Head Office on 12th August 2013 which was successfully conducted.  Shri R.Gandhi, Executive Director, Reserve Bank of India inaugurated the Seminar.  Shri Sharad Sharma, Managing Director of State Bank of Mysore presided over the Seminar.  This Seminar was jointly organised by State Bank of Mysore and College of Agricultural Banking, Pune, in which the Executives and Senior Officers of all the Nationalised Banks and State Bank group all over India took part.  Smt. Meena Hemachandra, Chief General Manager & Principal of College of Agricultural Banking, Pune, Smt. Uma Shankar, Regional Director, Reserve Bank of India, Bangalore and Dr. Ramakanth Gupta, General Manager [Official Language], Central Office, Mumbai were present on the Dias during the inaugural session.

In order to provide more books on General Banking subjects in Hindi, College of Agricultural Banking, Pune has been organising such Seminars at regular intervals.  State Bank of Mysore, during its Centenary year had organised this National Level Seminar at its Head Office.

Out of the articles received on the subject "Managing Asset Quality – Traditional & Innovative Techniques", opportunity was provided to selected 9 articles for presentation.  Soon after the presentation, question and answer session was also conducted and many intellectuals submitted views on the subject "Managing Asset Quality – Traditional & Innovative Techniques".  Participants lauded for having arranged the Seminar systematically in proud manner.  A CD was released on this occasion  which was collection of articles received for the Seminar.