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March 20th, 2017, 11:47 AM
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Re: State Bank Of Hyderabad History

State Bank of Hyderabad was founded in 1941. The SBH is a nationalized bank in India, with headquarters at Hyderabad, Telangana.

It is one of the five associate banks of State Bank of India and is one of the scheduled banks in India.

The bank was established on 8 August 1941 under the Hyderabad State Bank Act, during the reign of the last Nizam of Hyderabad, Mir Osman Ali Khan.

The bank managed the Osmania Sicca, the currency of Hyderabad state, which covered the present-day Telangana, some districts later known as Hyderabad-Karnataka of Karnataka and Marathwada of Maharashtra.

The bank also carried out commercial banking. The bank opened its first branch at Gunfoundry, Hyderabad on 5 April 1942.

The Imperial Bank of India had established a branch in Hyderabad in 1868 and another in Secunderabad in 1906.

The first secretary of Hyderabad State Bank was Muhammad Saleh Akbar Hydari, son of Sir Akbar Hydari.

History of State Bank Of Hyderabad:




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