It is a broadly described annual report of State Bank of Mysore in the year of 2014-2015. During the financial year, The Bank’s Total Income increased by 12%, from Rs. 6,895 Crores as at March 2014 to Rs. 7,706 Crores in March 2015. Total Deposits of the Bank grew by Rs. 4,504 Crores, to reach the level of Rs. 66,064 Crores. The Operating Profit increased from Rs. 1164 Crores in 2013-14 to Rs. 1,331 Crores in 2014-15 (14%), the Net Profit increased from Rs. 274.25 Crores to Rs. 409 Crores (49%).
The Board of Directors of the Bank has declared a dividend of @60% (Rs. 6/- per Equity share of Rs. 10/-) for the year 2014-15.
More Annual Report of State Bank of Mysore: