State Bank of Hyderabad

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 1200 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.

Shri O. P. Bhatt – Chairman

Smt Renu Challu - Managing Director

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.

CREDIT RATING
ICRA has assigned a ‘LAAA’ (pronounced as L-Triple A) rating to the captioned debt programme of
the Bank. This is the highest credit quality rating assigned by ICRA. The rated instrument carries the
lowest credit risk.
The rating is not recommended to buy, sell or hold Securities and investors should take their own
decision. The rating may be subject to revision or withdrawal at any time by the assigning rating
agency and each rating should be evaluated independently of any other rating. The rating obtained is
subject to revision at any point of time in the future. The rating agencies have a right to suspend,
withdraw the rating at any time on the basis of new information, etc.

LISTING
The Unsecured Redeemable Non-Convertible Subordinated Bonds are proposed to be
listed on the Bombay Stock Exchange. (‘BSE’)

Company profile:
State Bank of Hyderabad was constituted as Hyderabad State Bank on 8.8.1941
under Hyderabad State Bank Act, 1941. The Bank started with the unique
distinction of being the central bank of the erstwhile State of Hyderabad, covering
present-day Telangana region of Andhra Pradesh, Hyderabad-Karnataka of
Karnataka and Marathwada of Maharashtra, to manage its currency - Osmania
Sikka and public debt apart from the functions of commercial banking. The first
branch of the Bank was opened at Gunfoundry, Hyderabad on 5th April, 1942.
In 1953, the Bank took over the assets and liabilities of the Hyderabad Mercantile
Bank Ltd. In the same year, the Bank started conducting Government and
Treasury business as agent of Reserve Bank of India. In 1956, the Bank was
taken over by Reserve Bank of India as its first subsidiary and its name was
changed from Hyderabad State Bank to State Bank of Hyderabad.
The Bank became a subsidiary of the State Bank of India on the 1st October
1959 and is now the largest Associate Bank of State Bank of India
Our Mission
"To achieve pre-eminence in banking and financial sectors with commitment to
excellence in customer satisfaction, profit maximisation and continued emphasis
on developmental banking through a skilled and committed work force by
providing training facilities and technological upgradation"
The various products and services offered by sbh are
 Deposits
 Advances.
 NRI services