Heritage building of State Bank of Mysore, Bengaluru - a brief note.

/Heritage building state bank of Mysore, Bengaluru. commons.wikimedia.org/

The104-year-old  State bank of Mysore merged with State Bank of India  a few years ago.  Often known as the ‘Mysore Bank’ in the Old Mysore region, its founder was then the  ruler of Mysore  Maharajah  Nalwadi Krishnaraja Wadiyar in 1913.  It was Dewan   Sir M. Visvesvaraya who advised the ruler to start the bank  so that  the banking operations would be helpful to the people of Mysore kingdom. 

State bank of Mysore, Head office, Bengaluru, KA. starofmysore.com

State bank of Mysore, heritage building, bangaluru..philindiastamps.com

Above image:  In the recent past in December 2016, a first-day cover (stamp issued on a cover, postcard or stamped envelope) of the Bank of Mysore’s Head Office. This institution, founded by Sir M Visvesvarya under the patronage of Nalwadi  Krishnaraja Wadiyar, later merged with SBI................

SBM  was the   agent of Reserve Bank of India (RBI) in 1953 to undertake government business and treasury operations. In 1960, it began functioning as the  subsidiary of State Bank of India under the SBI Subsidiary Banks’ Act 1959.

SBM's head office is on Kempegowda Road in Bengaluru,  and there was a proposal to convert into  ‘Mysore Bank Museum.’ The Museum would   house all historic documents of the bank since its inception including  the first share certificate to some of the key documents about economic and business growth of the region.

The State bank of Mysore had  1,087 branches across the country as of 2016 and the total  business turnover  exceeded Rs.1.33 lakh crore toward the end of that year.   State Bank of Travancore, State Bank of Hyderabad, State Bank of Patiala were also merged with SBI