It is a broadly described annual report of State Bank of Mysore in the year of 2015-2016. During the financial year, The Bank’s Total Income increased by 3%, from Rs. 7,708 Crores as at March 2015 to Rs. 7,938 Crores in March 2016. Total Deposits of the Bank grew by Rs. 4,505 Crores, to reach the level of Rs. 70,569 Crores. The Operating Profit declined from Rs. 1,331 Crores in 2014-15 to Rs. 1,252 Crores in 2015-16, the Net Profit declined from Rs. 409 Crores to Rs. 358 Crores.
The Board of Directors of the Bank has declared a dividend of @60% (Rs. 6/- per Equity share of Rs.10/-) for the year 2015-16.
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