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state bank of mysore s vision and mission statement
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Vision and mission of State bank of Mysore
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The state-owned bank of India (SBI) is an Indian multinational, public sector banking company and financial services company. It is a corporation owned by the government with its headquarters in Mumbai, Maharashtra. On April 1, 2017, the State Bank of India, India's largest bank merged with five of its associated banks (Bikaner & Jaipur State Bank, Hyderabad State Bank, Mysore State Bank, Patiala and Travancore State Bank) and Bharatiya Mahila Bank with himself. This is the first large-scale consolidation in the Indian banking industry. With the merger, State Bank of India will enter the league of the top 50 global banks with a balance sheet size of ?33 trillion, 278,000 employees, 420 million customers and more than 24,000 branches and 59,000 ATMs. SBI's market share will increase to 22 percent from 17 percent. It has 198 offices in 37 countries; 301 correspondents in 72 countries. The company ranks 232th in the Fortune Global 500 list of the world's largest companies as of 2016.

The bank traces its ancestry to British India through the Imperial Bank of India to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian subcontinent. Bank of Madras merged into the two other "presidency banks" in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955. Bank of India in 1955, with the Central Bank of India taking a 60% stake, and renamed the State Bank of India. In 2008, the government took control of participation in the Reserve Bank of India. State Bank of India is a banking giant and has a 20% market share in deposits and loans among Indian commercial banks.

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