A recent press report said State Bank of Mysore has launched online loan application and tracking for home loans, education loan, vehicle loan and micro, small and medium enterprise (MSME) loans. The customers just need to fill in the details such as name, residential address, contact details, email ID, income details and choice of branch in addition to the loan sought.
Mr. Mavinkurve, Managing Director, State Bank of Mysore said that a reference number will be generated and passed on to the customer on submission of the application. He also said that home loans can be processed and sanctioned in 8-12 working days, in case all the documents required are available. According to him, the bank also plans to launch inter-bank mobile payment systems and a green banking channel.
About the Bank:
State Bank of Mysore was established in the year 1913 as Bank of Mysore Ltd. under the patronage of the erstwhile Govt. of Mysore, at the instance of the banking committee headed by the great Engineer-Statesman, Late Dr. Sir M.Visvesvaraya. Subsequently, in March 1960, the Bank became an Associate of State Bank of India. State Bank of India holds 92.33% of shares. The Bank’s shares are listed in Bangalore, Chennai and Mumbai stock exchanges.