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State Bank of Mysore changes accounting method of depreciation on Fixed Assets

18 Jan 2013 Evaluate

State Bank of Mysore has changed the accounting method of depreciation on Fixed Assets from Straight Line Method to Written down Value Method.

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.

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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