SBM 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, Dr. Sir M. Visvesvaraya. State Bank of Mysore is headquartered in Bengaluru. The Bank is one of the five associate banks of the State Bank of India (SBI) and is a leading nationalized bank in the country. The bank was appointed as a Reserve Bank of India agent in 1953 with allowance to carry out Government business as well as various treasury operations. In March 1960 became a State Bank of India subsidiary in accordance with the State Bank of India (Subsidiary Banks) Act of 1959. State Bank of Mysore offers a wide range of products including various types of car loan to cater to the requirements of various segments of society. At present, there are plans to amalgamate the State Bank of Mysore with the State Bank of India.
The Bank has a widespread network of 1,037 Branches (as on 31.03.2016) and 9 Extension Counters spread all over India including 20 Small and Medium Enterprise Branches, 8 Industrial Finance Branches, 3 Corporate Accounts Branches, 7 Specialized Personal & Services Banking Branches, 9 Agricultural Development Branches, 3 Government Business Branches, 2 Specialized NRI Branches, offering wide range of services to the customers besides 5 Service Branches and 1 Asset Recovery Branch rendering backup support to the Bank.