Mysuru: Instituted in the year 1913, the glorious legacy of State Bank Of Mysuru came to an end with its merger with the State Bank of India.
Hundreds of serving and retired employees on March 31, assembled to bid a tearful adieu to the bank, initially founded by Bharat Ratna Sir M Visvesvaraya as “Mysore Bank Ltd” under the aegis of Maharaja Krishnaraja Wadiyar IV of Mysore royal lineage.
On the occasion, a short documentary, Nenapu was played documenting the history and growth of Mysore Bank.
While customers of SBM have now become SBI customers, they will need to wait for an interim period of a month for their records to be digitally handed over to SBI after which they will receive an SMS intimation. Until then, customers can use the same log in password in online transactions, IFSc code, passbooks, cheque books etc.
With the merger of its five associate banks viz., SBM, State Bank of Travancore, State Bank of Hyderabad, State Bank of Patiala, State Bank of Bikaner and Jaipur as well as Bharatiya Mahila Bank, SBI will be listed among the top 50 banks in the world. SBI will become the second bank in the world with the largest network of branches.
Meanwhile, the employees of SBM are yet to get a clarity on the promotion, their salary package and other benefits to be offered by the new bank. A voluntary retirement scheme too has been offered by some of these banks with a view to cut down the now increased employee strength.
