 | |
| Company type | Public Sector |
|---|---|
| Industry | Banking Insurance Capital Markets and allied industries |
| Founded | Nizam Mir Osman Ali Khan, Hyderabad State Bank Hyderabad, 8 August 1941 |
| Defunct | 31 March 2017 |
| Fate | Merged in State Bank of India in 2017 |
| Headquarters | Gunfoundry, Abids Hyderabad India |
Area served | Pan-India. |
Key people | Rajnish Kumar (banker) (chairman), Mani Palvesan (managing director) |
| Products | Personal Banking Schemes, Corporate Banking, SME Banking Schemes, FOREX, Mobile Banking, Internet Banking, Credit Cards, Insurance |
| Rs. 1317 crores | |
| Owner | Government of India |
Number of employees | 17,000 |
| Parent | State Bank of India (100% owned) |
State Bank of Hyderabad (SBH) was a regional bank India, with its headquarters at Gunfoundry, Abids, Hyderabad, Telangana. Founded by the 7th Nizam of Hyderabad State, Mir Osman Ali Khan, it is now one of the five associate banks of State Bank of India (SBI) and was one of the nationalised banks in India. It was established on 8 February 1941, as the Hyderabad State Bank.[1] From 1956 until 31 March 2017, it had been the largest associate bank of the SBI. After formation of Telangana in 2014, SBH was the lead bank of the newly created state. The State Bank of Hyderabad was merged with State Bank of India on 1 April 2017.
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.[2] Arundhati Bhattacharya was the chairman and Mani Palvesan the managing director at the time of merger.
It was the chief banker of Telangana.[3]
- ^ "After 75 years, State Bank of Hyderabad slides into history". Zee Business. 30 December 2016. Retrieved 18 March 2024.
- ^ Avinandan Mukherjee and Prithwiraj Nath. 2005. "An empirical assessment of comparative approaches to service quality measurement", Journal of Services Marketing 19 (3), 174-184.
- ^ Ethnic flavour: SBH to be chief banker to new Telangana state