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State Bank of Mysore shines on inking corporate agency pact with SBI General Insurance

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

06 Jun 2012 Evaluate

State Bank of Mysore is currently trading at Rs. 458.35, up by 4.45 points or 0.98% from its previous closing of Rs. 453.90 on the BSE.

The scrip opened at Rs. 451.00 and has touched a high and low of Rs. 462.00 and Rs. 450.00 respectively. So far 307 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 702.00 on 16-Jun-2011 and a 52 week low of Rs. 408.10 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 473.00 and Rs. 440.00 respectively. The current market cap of the company is Rs. 2162.15 crore.

The promoters holding in the company stood at 92.33% while Institutions and Non-Institutions held 1.67% and 5.99% respectively.

State Bank of Mysore, an associate bank of State Bank of India, has signed corporate agency pact with SBI General Insurance for marketing its general insurance policies through its branch network.

State Bank of Mysore will provide SBI General Insurance substantial scope to cater diverse insurance requirements for individual as well as corporate customers through bank’s 68 lakh accounts across 737 pan-India branches.

At present, SBI General is providing services to mainly three segments i.e. Retail Segment, Corporate Segment and SME Segment. The insurers’ current portfolio comprises motor & home insurance for individuals and fire, marine, package, construction & engineering, group health & miscellaneous insurance for businesses.

SBI General Insurance Company is a joint venture between the State Bank of India and Insurance Australia Group (IAG). SBI owns 74% of the total capital and IAG the remaining 26%.

State Bank Of Mysore Share Price

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Peers

Company Name	CMP
SBI	1080.35
PNB	114.50
Canara Bank	142.35
Bank Of Baroda	280.00
Union Bank Of India	188.90
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State Bank of Mysore shines on inking corporate agency pact with SBI General Insurance

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