Swot Analysis Of State Bank

2.2.1 BACKGROUND OF THE COMPANY

State Bank of Mysore was founded by the great engineer- statesman Sir M vishvesvaraya in 2nd October 1913 and it was further established as Bank of Mysore ltd in 19 may. Under the encouragement of Maharaja krishnaraja wadiyar 4th of Mysore. In 1953 Reserve Bank of India became the agent of State Bank of Mysore to take the responsibility of treasury operations and government business. Under the State bank of India an act 1959 State Bank of Mysore became a subsidiary of State Bank of India. At present State Bank of India hold’s 90% of shares with the paid up capital of 48.01crore. During the last 6 month it earned net profit of 226 crore.
For the development of rural and agricultural industries the State Bank

It also focuses on a pleasant working environment to have continuous learning opportunities.”
2.2.4 MISSION STATEMENT

“A premier commercial bank in Karnataka with all India presence committed to provided consistently superior and personalized customer services backed by employee pride and will to excel, earn progressively high returns for its shareholders and be a responsible corporate citizen contributing to the well being of the society.”
2.2.5 QUALITY POLICY

“To continuously exceed customer expectations by providing quality services through an efficient customer delivery mechanism through consistent up gradation of the system’s and procedures in line with the customer requirement’s there by achieving highest standards.”
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2.2.6 PRODUCTS AND SERVICES
State Bank of Mysore provides different banking products and services to their

16 NRI services
The State Bank of Mysore offers different opportunities to non – resident Indians. The bank provides all type of banking services which is suits the needs of the customers. These services specially designed for the non residents customers.

17 Real Time Gross Settlement (RTGS) transactions
In this we can make the settlement of rupees 2,00,000 and above from bank to bank the applicable chargers varies from Rs 17 to 59. And the maximum amount is Rs 500 Crores.

18 National Electronic Fund Transfer (NEFT)
In this the settlement takes place for each hour, it takes one day as working day for final transfer of money. The maximum amount which we can transfer is Rs 5 Crore and minimum is Rs 100 and applicable charges are Rs 3 to 59.

19 Internet Banking
The State Bank of Mysore offering internet banking facilities for their customers retail and corporate customer. The Bank providing 24*7 hours and 365 days service this service helps the customer to view and operate their accounts through the