History of State Bank of Hyderabad

A subsidiary of State Bank of India, State Bank of Hyderabad was established as Hyderabad State Bank on 8 August 1941. The Bank started its operations with the distinction of being the central bank of the princely state of Hyderabad, covering the present-day Telangana region of Andhra Pradesh, Hyderabad-Karnataka of Karnataka and Marathwada of Maharashtra, when it was established. Apart from functioning as a commercial bank, it managed Osmania Sikka (the currency of Hyderabad in those days) and managed public debt as well. The first branch of the Bank was established at Gunfoundry, Hyderabad on 5 April 1942. 

 From 1956 until 2017, it had been a subsidiary of State Bank of India and when it was merged with SBI in 2017, it was SBI's largest associate bank.SBH had over 2,000 branches and about 18,000 employees. The Bank's business has crossed Rs. 2.4 trillion as on 31.12.2015 with a net profit of Rs. 8.12,The plans to make SBI one of the top 50 banks in India affected SBH very much. This plan was introduced in 2016, and on 15 February 2017, the Government of India ratified it. It finally merged with SBI on 31 March 2017

Hyderabad State Bank conducted the take over of the assets and liabilities of the Hyderabad Mercantile Bank Ltd. in 1953. It was in the same year, when the Bank started its Government and Treasury business as an agent of the Reserve Bank of India. In 1956, the RBI took over the Bank. Since then, Hyderabad State Bank came to be known as State Bank of Hyderabad (SBH), which was the subsidiary of RBI during the period. On 1 October 1959, SBH became a subsidiary of the State Bank of India. 

Key Person:

Arundhati Bhattacharya (Chairman), 
Mani Palvesan (Managing Director)

ATM Services

State Bank of Hyderabad offers easy access to money to its customers, through the ATM cum debit cards issued by it. The ATM cum debit card issued by the Bank can be used at more than 12500 ATMs of Andhra Bank, Bank of India, Corporation Bank, Dena Bank, HDFC Bank, Indian Bank, IndusInd Bank, Punjab National Bank, UCO Bank, Union Bank of India , UTI Bank, Canara Bank and Bank of Rajasthan, which are members of bilateral sharing arrangement. Apart from withdrawing money from your Savings and Current accounts, you can view the current balance and the mini statement of the last five transactions on your SBH account, by using the ATM cum debit card. 

Other services provided by State Bank of Hyderabad are Demat/ Depository Services, NRI Services, Electronic Fund Transfer System, Internet Banking, RTGS, NEFT & GRPT, Safe Deposit Lockers, International Banking, SBI Life

Head Office
Hybank Towers
Gunfoundary, Hyderabad
Andhra Pradesh - 500001
India
Phone: +91 40 23387713
Website: www.sbhyd.com