State Bank of Mysore has decided to raise Basel Ill compliant Tier II Bond to the tune of Rs 500 crore, to be raised through private placement. The board of company at its meeting held on November 29, 2014 has approved for the same.
State Bank of Mysore is the first Karnataka-based bank with fully networked branches. The bank embarked upon the latest Banking Technology platform by implementing the Core Banking Solutions (CBS) across all its branches, with an objective of providing banking convenience to the customers.
