State Bank of Mysore officially becomes history

April 1, 2017

Bengaluru, Mar 31: March 31 is D-Day, but the boards at the landmark stone edifice at Mysore Bank Circle on Kempe Gowda Road started coming down two days earlier; as if symbolically on Ugadi — the lunar New Year’s Day.

sbm
And on Friday, the State Bank of Mysore will slide into history as the curtains come down on a 104-year-old legacy that had an old Mysore royal patronage to its credit. It will merge its identity into big brother State Bank of India forever.

Is it a big deal that a bank that keeps your money or lends it out is getting a new name?

S.R. Powar superannuated from the bank in February after 37 years of service. The feisty former general secretary of the SBM Employees’ Union could not hold back tears as he recalled that he was part of every fight by sections of employees to stave off the merger that was irreversibly sealed on August 18 last year. “It is the end of an era,” he said as he choked with emotion. “I never imagined that banks can die.”

Karnataka has spawned at least five nationalised banks, four of them from the Udupi-Manipal region and SBM from the old Mysore region. SBM, says Mr. Powar, may be a relatively small bank in terms of geographical spread and financial muscle, yet it is special as an institution that was built lovingly by notable founders. Nalvadi Krishnaraja Wadiyar, the then Maharaja of Mysore, donated a princely sum of ?42 lakh way back in 1913 as seed money for the bank and did not take it back. A renowned personality such as the then Dewan, Sir M. Visveswaraya, was another figure who helped conceive, build it and make it a household name.

SBM had a distinct flavour and a bond with its customers that goes beyond money transactions. Explains Mr. Powar: “People have had an intimate bond with the bank, they call it ‘our bank’ (namma bank or Mysoor bank). If you go to Chikkamagaluru, you can see a token of gratitude to the bank on the walls of virtually every coffee planter’s home. Back in the 1960s, many coffee planters in this belt were hit by serious financial crisis after the crop failed. They had no money. Mysore Bank officials went from home to home and gave them loans. The same is the case with small industries in Peenya. SBM has seen the thick and thin of industrial growth in Karnataka.”

From 1987 onwards, Mr. Powar says he was part of the resistance to merger plans. “It is always an advantage to have a bank with its headquarters in your State. Now these assets will go to Maharashtra. A bigger bank can always grow and globalise without [subsuming] a smaller bank.”

At the end of their day’s work, Giridhara Karkala, Chief General Manager and head of the Ganganagar branch, plans to join many SBM employees in Bengaluru who would be assembling on the head office premises at 5.30 p.m. on Friday. Mr. Karkala, who is due to complete his tenure in SBM in four months, says he is taking the impending change in his stride. Certainly, people who have worked for 20 plus years in the good old days of office camaraderie feel heavy hearted. “When I retire and go home, I will be taking back many happy memories of 37 years. Besides, I have been open to change and transfers.”

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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News Network
November 29,2025

DKSsiddu.jpg

New Delhi: Karnataka chief minister Siddaramaiah and deputy CM DK Shivakumar on Saturday put up a dramatic display of unity at a closely watched joint press briefing, firmly dismissing weeks of speculation about a power-sharing tussle within the Congress. With the high command nudging both leaders to sit together and settle the dust, the meeting became a political spectacle, ending with the duo declaring that there was “no confusion, no differences.”

Calling the reports of a rift “manufactured confusion,” Siddaramaiah said the talks had gone smoothly, even joking about their breakfast. “Breakfast was very good. All three of us enjoyed it,” he said. “We want to end this confusion once and for all. For local elections and for 2028, our mission is clear — Congress must return to power. There is no difference between me and DKS, not now, not before.”

He blamed the media for fuelling rumours and reiterated absolute adherence to the party leadership. “From tomorrow, let there be no confusion. What the high command says, we will follow.”

Siddaramaiah also assured that the Assembly session starting December 8 would run smoothly and vowed that Congress would take on the BJP and JD(S) “together.”

Shivakumar echoed the chief minister word for word, stressing loyalty and discipline. “People have given us a massive mandate. It is our duty to deliver,” he said. “This government was formed under Siddaramaiah’s leadership. We both have complete trust in the high command. If they tell me to wait, I will wait.”

He added that the two leaders had discussed strategy for the 2028 Assembly elections. “Whatever the CM says, I agree. We are loyal soldiers of the party. The party may be facing challenges nationally, but we will keep it strong in Karnataka.”

Shivakumar also said Siddaramaiah would soon visit his home for lunch or dinner — another symbolic gesture meant to underline their unity.

Both leaders later posted on social media describing the breakfast meeting as “productive” and focused on “Karnataka’s priorities.”

The BJP, however, rejected the show of camaraderie as “pure bunkum,” accusing Congress of trying to paper over an internal power struggle. But Siddaramaiah and Shivakumar insisted their united front would continue — and that there was “no confusion” within the state leadership.

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News Network
December 4,2025

Mangaluru: Chaos erupted at Mangaluru International Airport (MIA) after IndiGo flight 6E 5150, bound for Mumbai, was repeatedly delayed and ultimately cancelled, leaving around 100 passengers stranded overnight. The incident highlights the ongoing country-wide operational disruptions affecting the airline, largely due to the implementation of new Flight Duty Time Limitations (FDTL) norms for crew.

The flight was initially scheduled for 9:25 PM on Tuesday but was first postponed to 11:40 PM, then midnight, before being cancelled around 3:00 AM. Passengers expressed frustration over last-minute communication and the lack of clarity, with elderly and ailing travellers particularly affected. “Though the airline arranged food, there was no proper communication, leaving us confused,” said one family member.

An IndiGo executive at MIA cited the FDTL rules, designed to prevent pilot fatigue by limiting crew working hours, as the cause of the cancellation. While alternative arrangements, including hotel stays, were offered, about 100 passengers chose to remain at the airport, creating tension. A replacement flight was arranged but also faced delays due to the same constraints, finally departing for Mumbai around 1:45 PM on Wednesday. Passengers either flew, requested refunds, or postponed their travel.

The Mangaluru delay is part of a broader crisis for IndiGo. The airline has been forced to make “calibrated schedule adjustments”—a euphemism for widespread cancellations and delays—after stricter FDTL norms came into effect on November 1.

While an IndiGo spokesperson acknowledged unavoidable flight disruptions due to technology issues, operational requirements, and the updated crew rostering rules, the DGCA has intervened, summoning senior airline officials to explain the chaos and outline corrective measures.

The ripple effect has been felt across the country, with major hubs like Bengaluru and Mumbai reporting numerous cancellations. The Mangaluru incident underscores the systemic operational strain currently confronting India’s largest carrier, leaving passengers nationwide grappling with uncertainty and delays.

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