SBH | |
Formerly | Hyderabad State Bank |
Company type | Public Sector |
NSE: SBH BSE: 972476 | |
Industry | Banking Insurance Capital Markets and allied industries |
Predecessor | Hyderabad State Bank |
Founded | August 8, 1941 |
Founder | Mir Osman Ali Khan |
Defunct | March 31, 2017 |
Fate | Renamed as State Bank of Hyderabad and share capital transferred to RBI in 1956. Made subsidiary of SBI in 1959. Merged into State Bank of India in 2017. |
Successor | State Bank of India |
Headquarters | Gunfoundry, Abids Hyderabad India |
Area served | Pan-India. |
Key people | Rajnish Kumar (banker) (chairman), Mani Palvesan (managing director) |
Products | Personal Banking Schemes, Corporate Banking, SME Banking Schemes, FOREX, Mobile Banking, Internet Banking, Credit Cards, Insurance |
Rs. 1317 crores | |
Owner | Government of India |
Number of employees | 17,000 |
Parent | State Bank of India (100% owned) |
State Bank of Hyderabad (SBH) was a regional bank India, with its headquarters at Gunfoundry, Abids, Hyderabad, Telangana. Founded by the 7th Nizam of Hyderabad State, Mir Osman Ali Khan, it is now one of the five associate banks of State Bank of India (SBI) and was one of the nationalised banks in India. It was established on 8 February 1941, as the Hyderabad State Bank. [1] From 1956 until 31 March 2017, it had been the largest associate bank of the SBI. After formation of Telangana in 2014, SBH was the lead bank of the newly created state. The State Bank of Hyderabad was merged with State Bank of India on 1 April 2017.
SBH had over 2,000 branches and about 18,000 employees. The bank's business had crossed Rs. 2.4 trillion as on 31.12.2015 with a net profit of Rs. 8.12 billion.
The bank had performed well in the decades before merger, winning several awards for its banking practices. [2] Arundhati Bhattacharya was the chairman and Mani Palvesan the managing director at the time of merger.
The bank was the central bank of the erstwhile Nizam state under the name Hyderabad State Bank. It 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. Fifty-one per cent of the bank's share capital was held by the Government of Hyderabad and the rest by private shareholders. [4] 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, which had established a branch in Hyderabad in 1868 and another in Secunderabad in 1906, provided officers and clerical staff in the initial stages, and later provided training for new recruits. The first secretary of Hyderabad State Bank was Muhammad Saleh Akbar Hydari, son of Sir Akbar Hydari. The first branch of the bank was setup at Gunfoundry on 5 April 1942. [5] The building housing the branch was designed by Mohammed Fayazuddin, an alumnus of Architectural Association School of Architecture, London. [6]
By 1950 when Hyderabad State became a part of India, the bank had around 50 branches spread over various parts of the then Hyderabad State i.e. present day Telangana, parts of Maharashtra and Karnataka. [7]
In 1953, the bank absorbed, by merger, the Mercantile Bank of Hyderabad, which Raja Pannalal Pitti had founded in 1935. [8] (Some accounts give the year of founding as 1946 and that of merger as 1952). In the same year, the Bank started conducting government and Treasury business as agent for the Reserve Bank of India.
In 1956, under The State Bank Of Hyderabad Act, 1956 share capital of the Hyderabad State Bank was transferred to the Reserve Bank of India. The Reserve Bank of India took over the bank as its first subsidiary and it was renamed as State Bank of Hyderabad. That same year saw the break-up of Hyderabad State. Aurangabad, Beed, Parbhani, Nanded and Osmanabad merged with Maharashtra state. Kalaburagi, Bidar, Raichur, and parts of Osmanabad were merged with Karnataka. The remaining districts formed part of Andhra Pradesh, until the formation in 2015–16 of the state of Telangana. After the trifurcation, the branches of Hyderabad State Bank continued to conduct government transactions in their new states as well.
The Subsidiary Banks Act was passed in 1959. On 1 October 1959, SBH and the other banks of the princely states became subsidiaries of SBI.
The plans to make SBI one of the top 50 banks in the World affected SBH[ according to whom? ]. This plan was introduced in 2016, and on 15 February 2017, the Government of India ratified it. SBH finally merged with SBI on 31 March 2017, along with its co-associates State Bank of Travancore, State Bank of Mysore, State Bank of Patiala, State Bank of Bikaner and Jaipur, and Bharatiya Mahila Bank. [9]
Hyderabad State was a princely state in the Deccan region of south-central India with its capital at the city of Hyderabad. It is now divided into the present-day state of Telangana, the Kalyana-Karnataka region of Karnataka, and the Marathwada region of Maharashtra in India.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the tenth largest employer in India with nearly 250,000 employees. In 2024, the company’s seat in Forbes Global 2000 was 55.
Marathwada is a proposed state and geographical region of the Indian state of Maharashtra. It was formed during the Nizam's rule and was part of the then Hyderabad State. The region coincides with the Aurangabad division of Maharashtra. It borders the states of Karnataka and Telangana, and it lies to the west of the Vidarbha and east of Uttar Maharashtra regions of Maharashtra. The largest city of Marathwada is Aurangabad. Its people speak Marathi and Deccani Urdu.
Raj Bhavan is the official residence of the governor of Telangana located in the city of Hyderabad, India. It is located at Somajiguda adjacent to Hussain Sagar lake.
Nanded is a city in Maharashtra state, India. It is the tenth largest city in the state and the seventy-ninth most populated city in India. It is the second largest city in Marathwada region. It is the district headquarters of Nanded district.
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Osmanabad District, officially known as Dharashiv District, is an administrative district in the Marathwada region in the Indian state of Maharashtra. The district headquarter is located at Osmanabad. The District of Osmanabad derives its name from the last ruler of Hyderabad, the 7th Nizam, Mir Osman Ali Khan, of which the region was a part till 1947. This region was earlier part of The Hyderabad State until Independence.This primarily rural district occupies an area of 7,569 km2 (2,922 sq mi) of which 241.4 km2 (93.2 sq mi) is urban and has a population of 1,657,576 of which 16.96% were urban.
Osman Sagar is a reservoir in the Indian city of Hyderabad. The lake is around 46 km2, and the reservoir is around 29 km2, with total level of 1,790 feet and a capacity of 3.9 tmc ft.
Mir Osman Ali Khan, Asaf Jah VII was the last Nizam (ruler) of Hyderabad State, the largest state in the erstwhile Indian Empire. He ascended the throne on 29 August 1911, at the age of 25 and ruled the State of Hyderabad between 1911 and 1948, until the Indian Union annexed it. He was styled as His Exalted Highness (H.E.H) the Nizam of Hyderabad, and was widely considered one of the world's wealthiest people of all time. With some estimates placing his wealth at 2% of U.S. GDP, his portrait was on the cover of Time magazine in 1937. As a semi-autonomous monarch, he had his mint, printing his currency, the Hyderabadi rupee, and had a private treasury that was said to contain £100 million in gold and silver bullion, and a further £400 million of jewels. The major source of his wealth was the Golconda mines, the only supplier of diamonds in the world at that time. Among them was the Jacob Diamond, valued at some £50 million, and used by the Nizam as a paperweight.
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The Telangana High Court is the High Court for the Indian state of Telangana. Founded by the 7th Nizam of Hyderabad Mir Osman Ali Khan, initially, it was set up as High Court of Hyderabad for the then princely state of Hyderabad Deccan and later renamed High Court of Andhra Pradesh, as it was set up on 5 November 1956 under the States Reorganisation Act, 1956. The Andhra Pradesh High Court was renamed as High Court of Judicature at Hyderabad in view of the bifurcation of Andhra Pradesh state.
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Swami Ramanand Tirtha was an Indian politician, freedom fighter, educator and social activist who led the Hyderabad liberation struggle during the reign of Osman Ali Khan, the last Nizam of Hyderabad State. Swami Ramanand Tirtha was the principal leader of the Hyderabad State Congress. Before taking Sanyasa, his family name was Vyenkatesh Bhagvanrao Khedgikar.
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Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India. The shares of these government-owned-banks are listed on stock exchanges. Their main objective is social welfare.
Hyderabad State was a state in Dominion and later Republic of India, formed after the accession of the State of Hyderabad into the Union on 17 September 1948. It existed from 1948 to 1956. Hyderabad State comprised present day Telangana, Marathwada and Hyderabad-Karnataka
Bharatiya Mahila Bank was a fully owned subsidiary of State Bank of India based in Mumbai, India. Former Indian Prime Minister Manmohan Singh inaugurated the system on 19 November 2013 on the occasion of the 96th birth anniversary of former Indian Prime Minister Indira Gandhi. As part of the Modi government's banking reforms and to ensure greater banking outreach to women, the bank merged with State Bank of India on 1 April 2017.
The history of Telangana, located on the high Deccan Plateau, includes its being ruled by the Satavahana Dynasty, the Kakatiya Dynasty (1083–1323), the Musunuri Nayaks (1326–1356), the Delhi Sultanate, the Bahmani Sultanate (1347–1512), Golconda Sultanate (1512–1687) and Asaf Jahi dynasty (1724–1950).
Lady Hydari Club was an elite club exclusive to women in the erstwhile Hyderabad state in India. It was located in what is now the Old Gandhi Medical College near Basheerbagh.