State Bank of Hyderabad is a partner bank of State Bank of India or (SBI), and is one

of the well-known banks in India. It was established in 1941 as Hyderabad State Bank.
Since 1956 it has been a subsidiary of State Bank of India and now, it is State Bank's
biggest partner bank.
The Bank's head office is located at Gunfoundry Area, in Hyderabad, India. SBH has in
excess of 1,500 bank locations and around 12,800 workers. Holdings are in abundance
of INR 767 billion. SBH has 1000 branches in Andhra Pradesh alone, making it the third
biggest organisation in the state. The bank has performed well in the previous decades,
winning accolades for its practices. Arundhati Bhattacharya is the current chairman and
Santanu Mukherjee is at the post of Managing Director.
The bank started as the national bank of the Nizam state under the name, Hyderabad
State Bank. On August 8, 1941, under the Hyderabad State Bank Act, amid the rule of
the last Nizam of Hyderabad, Mir Osman Ali Khan, it became formally recognised. The
bank dealt using the Osmania Sicca, the coin of the Hyderabad state, which was in the
present-day Telangana district of erstwhile Andhra Pradesh, Hyderabad-Karnataka of
Karnataka and Marathwada of Maharashtra. At the time, it was usual for various regal
states to have their own particular monetary coinage.
The bank opened its first location at Gunfoundry, Hyderabad on April 5, 1942. The
Imperial Bank of India, which had made an entry into Hyderabad in 1868, and seconded
its move in Secunderabad in 1906. The principal secretary of Hyderabad State Bank
was Muhammad Saleh Akbar Hydari, child of Sir Akbar Hydari.
After Partition, on September 17, 1948 the Indian Army executed Operation Polo, which
brought about the accession of Hyderabad to India. By 1950, the bank had exactly 50
branches, incorporating locations in parts of the then Hyderabad State that would later
be demarcated into different states. In 1953, the Bank began directing government and
treasury business as operator for the Reserve Bank of India.
In 1956 the Reserve Bank of India assumed control over the bank as its first subsidiary
and renamed it State Bank of Hyderabad. That same year saw the break-up of
Hyderabad State. Aurangabad, Beed, Parbhani, Nanded, and Osmanabad consolidated
with Maharashtra state. Gulbarga, Bidar, Raichur, and parts of Osmanabad were
connected to Karnataka state. The remaining regions framed Telangana, a piece of
Andhra Pradesh. After the trifurcation, the banks of Hyderabad State Bank kept on
directing government transactions in their new states too. The Subsidiary Banks Act was
passed in 1959, so on October 1, 1959, it and alternate banks of the princely states got
to be subsidiaries of SBI.