SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

State Bank of Mysore to raise fresh capital via Rights Issue

28 Mar 2014 Evaluate

State Bank of Mysore (SBM) is planning to raise fresh capital through a Rights Issue to shore up its Tier-I capital base. In this regard, the bank’s board will meet on March 29 and finalized the details of the rights issue. The company wants to be adequately funded to meet the requirements at least till 2015-16.

Currently, the Bank’s capital adequacy ratio under Basel-II stands at 11.40 per cent and 11.19 per cent under the Basel-III norms. Under Basel-II, the Tier-I capital stands at 8.7 per cent and 8.58 per cent under the Basel-III as at end of December 2013.

The Bank had raised Rs 65 crore through an institutional placement programme (IPP) in May last year.

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
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×