State Bank of Mysore plans to raise Rs 1000 crore

State Bank Of Mysore - (Amalgamated) | Bank - Public | BFSI | BSE: 532200 | NSE: MYSOREBANK

20 Jan 2017 Evaluate

State Bank of Mysore is planning to raise Rs 1000 crore by way of issue of Basel III compliant Additional Tier 1 Bonds. The bank’s board of directors is scheduled to hold meeting on January 24, 2017, to consider the same.

State Bank of Mysore has widespread network of 1073 Branches (as on September 30, 2016) and nine extension Counters spread all over India. Total Deposits of the bank as at the end of September 2016 stood at Rs 74,414 crore and the total Advances stood at Rs 55155 crore, including export credit of Rs 1282 crore.

Peers

Company Name	CMP
State Bank Of India	997.00
PNB	116.65
Bank Of Baroda	237.80
Canara Bank	123.90
Union Bank Of India	178.00
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