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What is State Bank of Hyderabad mean?
State Bank of Hyderabad (SBH) was regional bank in Hyderabad, with headquarters at Gunfoundry, Abids, Hyderabad, Telangana. Founded by the 7th Nizam of Hyderabad- Mir Osman Ali Khan, it is now one of the five associate banks of State Bank of India (SBI) and was one of the nationalized banks in India. It was founded in 1941 as the Hyderabad State Bank. From 1956 until 31 March 2017, it had been an associate bank of the SBI, the largest such. The State Bank of Hyderabad was merged with SBI on 1 April 2017.
The bank's head office was situated at Gunfoundry Area, Hyderabad, India. SBH had over 2,000 branches and about 18,000 employees. The bank's business had crossed Rs. 2.4 trillion as on 31.12.2015 with a net profit of Rs. 8.12 billion.
The bank had performed well in the decades before merger, winning several awards for its banking practices. Mrs. Arundhati Bhattacharya was the chairman and Shri Mani Palavesan the managing director at the time of merger.
It was the chief banker of Telangana State.
referencePosted on 18 Dec 2024, this text provides information on Miscellaneous in Public Sector Bank in India related to Public Sector Bank in India. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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