[nilesh]

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Hi I would like to have the information as well as the history of State Bank of Hyderabad (SBH)?

[Vishal Kotkar]

State Bank of Hyderabad (SBH) was a nationalized bank in India, with base camp at Hyderabad, Telangana. It was one of the five partner banks of State Bank of India and was one of the booked banks in India. It was established in 1941 as Hyderabad State Bank. From 1956 until 31st March 2017, it had been an Associate Bank of State Bank of India and was converged with SBI on first April 2017. It was SBI's biggest partner bank.

The information underneath about State Bank of Hyderabad is before its merger with State Bank of India.

The Bank's head office was arranged at Gunfoundry Area, Hyderabad, India. SBH had more than 2,000 branches and around 18,000 representatives. The Bank's business has crossed Rs. 2.4 trillion as on 31.12.2015 with a net benefit of Rs. 8.12 billion.

SBH Head Office at Gunfoundry.

The bank has performed well in the previous decades, winning a few honors for its managing an account rehearses. Mrs. Arundhati Bhattacharya was the present Chairman and Shri Mani Palavesan is the current Managing Director.

It was the central investor of Telangana State.

History

The bank was the national bank of the recent Nizam state under the name Hyderabad State Bank. It was set up on 8 August 1941 under the Hyderabad State Bank Act, amid the rule of the last Nizam of Hyderabad, Mir Osman Ali Khan.

By 1950, the bank had nearly 50 branches, incorporating branches in parts of the then Hyderabad State that would later be exchanged to different states.

In 1956, the Reserve Bank of India assumed control over the bank as its first backup and renamed it State Bank of Hyderabad.

The Subsidiary Banks Act was passed in 1959. On 1 October 1959, SBH and alternate banks of the regal states moved toward becoming backups of SBI.