State Bank of Hyderabad

State Bank of Hyderabad was the brainchild of an idea of Hyderabad Deccan ruled by the Nizams. The purpose of its establishment of the year 1942 was to play role of a central bank of erstwhile Nizam state so its name was chosen Hyderabad State Bank.

Associate bank of State Bank of India, the State Bank of Hyderabad functions from its corporate headquarters of Hyderabad and branches spread of the country. This scheduled bank is well established bank today. The chain of more than 1200 branches of the country make it big group.

The last Nizam of Hyderabad, Mir Osman Ali Khan offered total support to this bank to grow and play the key role as a banking entity. This bank had once managed the famous coin, the Osmania Sicca—separate currency of Hyderabad state very much common while the British used to rule India.

The Hyderabad State Bank got its new name State Bank of Hyderabad of the year 1956 when the Reserve Bank of India took its control. This bank has the distinction of being the first subsidiary State Bank of India bank.

State Bank of Hyderabad is run through its nearly 12,800 employees. The bank has more than Rs 767 billion assets and grows fast. Its constant progress of the last few decades has remained tremendous.

State Bank Of Hyderabad Details:

IFSC Code of Banks of India