State Bank of Mysore rose 2.77% to Rs 422.85 at 09:51 IST on BSE after the bank revised downward the base rate from 10% to 9.9% effective from 21 September 2015.
The bank made the announcement after market hours yesterday, 21 September 2015.
Meanwhile, the S&P BSE Sensex was up 84.06 points or 0.32% at 26,277.04
On BSE, so far 510 shares were traded in the counter as against average daily volume of 2,438 shares in the past one quarter.
The stock hit a high of Rs 433.05 and a low of Rs 415.40 so far during the day. The stock had hit a 52-week high of Rs 594.40 on 1 December 2014. The stock had hit a 52-week low of Rs 392.55 on 7 September 2015.
The small-cap bank has equity capital of Rs 48.01 crore. Face value per share is Rs 10.
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State Bank of Mysore said that the bank's benchmark prime lending rate continues to be at the same level of 15%.
State Bank of Mysore's net profit rose 25.8% to Rs 94.07 crore on 4.5% growth in total income to Rs 1951.66 crore in Q1 June 2015 over Q1 June 2014.
State Bank of Mysore is a subsidiary of State Bank of India (SBI), India's biggest commercial bank in terms of branch network. SBI holds 90% stake in State Bank of Mysore (as per the shareholding pattern as on 30 June 2015)
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