State Bank of Hyderabad

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State Bank of Hyderabad (SBH) is an associate bank of State Bank of India (SBI), and is one of the scheduled banks in India. The Bank's Head Office is situated at Gunfoundry Area, in Hyderabad, India. SBH has over 1031 branches and about 12,800 employees. Assets are in excess of Rupees 767 billion.

The bank has performed well in the past decades, winning several awards for its banking practices.^[1]

Shri O. P. Bhatt – Chairman

Smt Renu Challu - Managing Director

[edit] History

The bank originated as the central bank of the erstwhile Nizam state under the name, Hyderabad State Bank. It was established in 1942, during the reign of the last Nizam of Hyderabad, Mir Osman Ali Khan. The bank also managed the Osmania Sicca, the currency of Hyderabad state, which had the distinction of having its own currency during British rule.

In 1956, the bank absorbed, by merger, the Mercantile Bank of Hyderabad, which Raja Pannalal Pitti had founded in 1935.^[2] (Other accounts give year of founding as 1946 and that of merger as 1952).

Hyderabad State Bank was renamed State Bank of Hyderabad in 1956, and its entire share capital was vested with the Reserve Bank of India. Later, after the Subsidiary Banks Act was passed in 1959, it and the other banks of the princely states became subsidiaries of SBI. SBH was the first subsidiary of State Bank of India.

[edit] References

^ Avinandan Mukherjee and Prithwiraj Nath. 2005. "An empirical assessment of comparative approaches to service quality measurement", Journal of Services Marketing 19 (3), 174-184.
^ Pagdi, Raghavendra rao. 1987. Short History of Banking in Hyderabad District, 1879-1950. In M. Radhakrishna Sarma, K.D. Abhyankar, and V.G. Bilolikar, eds. History of Hyderabad District, 1879-1950AD (Yugabda 4981-5052). (Hyderabad : Bharatiya Itihasa Sankalana Samiti), Vol. 2, pp.85-87.