Company : State Bank of Hyderabad

History State Bank of Hyderabad

YEAR EVENTS 1942 - The Bank was established on 5th April 1942, as a Hyderabad State Bank. The Bank transacts general banking business of
every description including foreign exchange. The Bank also conducts Govt. Treasury Work.
1956 - It was renamed as State Bank of Hyderabad and from that date the the entire share capital vested in the Reserve Bank of India.
- The capital of the Bank which stood at Rs 75 lakhs in Osmanshahi currency was reduced to 50 lakhs in I.G. currency at the time the Bank was
taken over by the RBI. All shares were later transferred to the State Bank of India in 1959.
1959 - From 1st October, the entire share capital was transferred to the name of the State Bank of India under the State Bank of India (Subsidiary
Banks) Acts, 1959. 1960 - With effect from 1st October, an agreement between the Bank and the State Bank of India was arrived at whereby the
Bank was appointed as the agent of the State Bank of India for the conduct of Govt. cash transactions and agency business.
1985 - 3,75,000 No. of Equity shares issued at par to State Bank of India.
1996 - The Bank lead managed 9 issues and underwriting of 7 issues. The bank acted as bankers to the issue for 77 issues.
- The Bank was formerly constituted under the Hyderabad State Bank Act 135F and 51% of the issued share capital was held by the former
Hyderabad Govt.
2000 - State Bank of Hyderabad an associated bank of State Bank of India launched the SBH credit card, a co-branded card with SBI and GE
Capital.
2003 - The company has introduced `Varun Mithra'- scheme to promote rainwater harvesting, and `Fin Bowl', a scheme for small traders to
improve their ambience and other infrastructural needs.
2004
-SBH forges alliance with United India fro marketing insurance products
-Mr Amitabha Guha has assumed charge as the Managing Director of the State Bank of Hyderabad (SBH)
-Launches educational loan scheme
-SBH Life rolls out pension facility
-Mr Supratik Chatterjee has assumed charge as General Manger of State Bank of Hyderabad (SBH)
2005
-SBH sets up 100th branch in Hyderabad
- SBH elevates Mr M. Ramaswamy, General Manager (Technical), d as Chief General Manager.
2006
-State Bank of Hyderabad (SBH) has announced that it has entered into a memorandum of understanding (MoU) with Indo Farm Tractors & Motors
Ltd for financing tractors for farmers on liberal terms.
2009
- State Bank of Hyderabad has brought down its benchmark prime-lending rate (BPLR) by 50 basis points to 12.25 per cent from prevailing 12.75
per cent with effect from July 2.