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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"
Overview
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. |
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